As previously reported, Benchmark upgraded Group 1 Automotive (GPI) to Buy from Hold with a $425 price target The firm has been Hold-rated for several quarters as macro headwinds in the United Kingdom combined with near-term pressure from portfolio optimization and ongoing restructurings put a near-term cap on growth and profitability, but the recent group pullback has shifted its stance, says the analyst, who calls the upgrade “primarily valuation-driven.”
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPI:
- Group 1 Automotive upgraded to Buy from Hold at Benchmark
- Group 1 Automotive reinstated with a Buy at BofA
- Group 1 Automotive Updates Executive Severance Incentive Agreement
- Group 1 Automotive price target lowered to $400 from $460 at Morgan Stanley
- Group 1 Automotive upgraded to Overweight from Neutral at JPMorgan