JPMorgan lowered the firm’s price target on Penske Automotive (PAG) to $170 from $175 and keeps a Neutral rating on the shares. The firm cut Q1 estimates across the auto dealer group to reflect weather headwinds and the “oil shock.” There are concerns about second half of 2026 and 2027 outlooks on the increasing probability of a sustained spike in oil prices and related implications for consumer spending, the analyst tells investors in a research note.
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