BofA reinstated coverage of Penske Automotive (PAG) with a Buy rating and $195 price target The global dealership group that sells premium and luxury passenger vehicles and trucks has market diversification and higher exposure to a more resilient demographic of higher income consumers, which supports Penske’s parts and service business, the analyst tells investors.
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Read More on PAG:
- Penske Automotive price target raised to 1,100 GBp from 1,050 GBp at Deutsche Bank
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- Penske Automotive acquires Longo Toyota, Longo Lexus
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