Benchmark raised the firm’s price target on Penske Automotive (PAG) to $190 from $185 and keeps a Buy rating on the shares. The firm updated its model following meetings with the CFO of Penske Auto Group at the firm’s 4th Annual Benchmark StoneX Consumer Conference in NYC. Penske’s commercial truck business is a key differentiator with potential to drive upside over the next few years, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAG:
- Strategic Positioning and Financial Strengths Drive Buy Rating for Penske Automotive Group
- Strong Operational Performance and Strategic Positioning Drive Buy Rating for Penske Automotive Group
- Penske Automotive management to meet virtually with Benchmark
- PAG, BBW, CCL: 3 Consumer Cyclical Stocks Our AI Analyst is Happily Browsing
- Resilient Growth and Premium Status: A Buy Recommendation for Penske Automotive Group