Citi lowered the firm’s price target on Penske Automotive (PAG) to $193 from $200 and keeps a Buy rating on the shares. The firm reduced earrings estimates for the auto dealer group as part of a Q1 earnings preview by an average of 8% to reflect lower than expected industry volumes.
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 PAG:
- Penske Automotive price target lowered to $190 from $195 at Barclays
- Penske Automotive price target lowered to $170 from $175 at JPMorgan
- Penske Automotive price target raised to $195 from $190 at Barclays
- Penske Automotive Balances Headwinds With Strong Cash Flow
- Penske Automotive boosts dividend amid mixed 2025 results