Asbury Automotive price target raised to $235 from $230 at Barclays

Barclays raised the firm’s price target on Asbury Automotive (ABG) to $235 from $230 and keeps an Equal Weight rating on the shares. The firm adjusted estimates and targets in the auto retail group as part of a Q1 preview. Dealer estimates were cut on “soft” U.S. auto sales and weather impacts, the analyst tells investors in a research note. Barclays says the Middle East war impact has been limited thus far but could change if “demand takes a hit.”