BofA lowered the firm’s price target on Asbury Automotive (ABG) to $238 from $255 and keeps a Buy rating on the shares. Ahead of Q1 earnings for the publicly traded auto dealership groups, the firm revised its EPS estimates down by 13% on average, mostly to reflect weather related disruption in late January and February that impacted both retail units sales as well as parts and service, the analyst tells investors in a preview for the group.
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Read More on ABG:
- Asbury Automotive price target lowered to $254 from $277 at Stephens
- Asbury Automotive price target lowered to $212 from $260 at Citi
- Asbury Automotive price target raised to $235 from $230 at Barclays
- Asbury Automotive price target raised to $240 from $235 at JPMorgan
- Asbury Automotive reinstated with a Buy at BofA