In a report released yesterday, Michael Ward from Citi reiterated a Buy rating on Penske Automotive Group, with a price target of $200.00.
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Michael Ward has given his Buy rating due to a combination of factors that highlight the potential for growth and recovery in Penske Automotive Group’s stock. Despite experiencing sell-offs during the last five earnings cycles, the stock has consistently rebounded shortly after these periods, indicating resilience and investor confidence.
Ward also emphasizes the premium status of Penske Automotive Group within the Dealer Group, suggesting that it stands out as a strong performer among its peers. This, coupled with the recovery of losses sustained in July, supports a positive outlook for the stock, making it a favorable investment opportunity.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $207.00 price target.
PAG’s price has also changed slightly for the past six months – from $169.580 to $183.820, which is a 8.40% increase.