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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 raised to 1,100 GBp from 1,050 GBp at Deutsche Bank
- Penske Automotive assumed with an Overweight at Morgan Stanley
- Penske Automotive Group Expands with Major Dealership Acquisition
- Penske Automotive acquires Longo Toyota, Longo Lexus
- Penske Automotive initiated with an Overweight at Barclays