JPMorgan analyst Rajat Gupta lowered the firm’s price target on Asbury Automotive (ABG) to $220 from $235 and keeps an Underweight rating on the shares. The firm updated targets in the franchise auto dealers group post the Q1 reports. JPMorgan sees sector as range-bound in the near-term with re-rating potential in the second half of 2026. Consensus estimates for the group are close to reset, the analyst tells investors in a research note.
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