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.
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