As previously reported, Benchmark initiated coverage of Group 1 Automotive (GPI) with a Hold rating and no price target While the firm believes Group 1’s operational strength justifies a high-end multiple, it views the shares as having limited upside after a strong year-to-date run and says the uncertain macro backdrop “keeps us on the sidelines for now as we await a more attractive entry point.”
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Read More on GPI:
- Hold Rating for Group 1 Automotive Amid Strong Expansion and Market Uncertainty
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