BofA reinstated coverage of Asbury Automotive (ABG) with a Buy rating and $255 price target The firm, which is reinstating coverage of the North American automotive and auto-tech industry, thinks the industry will outperform expectations this year as automakers adjust to a new regulatory environment that favors their higher margin accretive internal combustion engine vehicles.
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Read More on ABG:
- Asbury Automotive announces buyback authorization increase to $500M
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