Jefferies initiated coverage of Group 1 Automotive (GPI) with a Buy rating and $500 price target The analyst believes Group 1 is well positioned to gain share in “exclusive” franchise markets across new, used, and parts and service given its advantage over smaller, less capitalized, independent auto retailer and repair competitors. The firm highlights the company’s “strong” brand mix and continued geographic expansion and sees “ample” opportunities for Group 1 in under-penetrated markets.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GPI:
- Darden appoints Daryl Kenningham to board of directors
- Group 1 Automotive price target raised to $475 from $400 at Seaport Research
- Group 1 Automotive price target raised to $442 from $420 at Guggenheim
- Group 1 Automotive raises share repurchase program by $333M to $500M
- Group 1 Automotive price target raised to $425 from $420 at JPMorgan
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
