Group 1 Automotive price target raised to $425 from $420 at JPMorgan
The Fly

Group 1 Automotive price target raised to $425 from $420 at JPMorgan

JPMorgan analyst Rajat Gupta raised the firm’s price target on Group 1 Automotive (GPI) to $425 from $420 and keeps an Overweight rating on the shares. The Q3 results for the auto dealerships were broadly in-line with JPMorgan’s below consensus expectations, the analyst tells investors in a research note. The firm remains selective in its picks within the sector.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App