JPMorgan upgraded Penske Automotive (PAG) to Neutral from Underweight with a price target of $175, up from $155. The firm believes the company’s period of weak same-store-sales and earnings versus peers has “run its course.” Penske is positioned for in-line to better growth into 2026 with added potential upside from its “still under-levered” balance sheet, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAG:
- Penske Automotive’s Earnings Call Highlights Resilience and Growth
- Penske Automotive Group: Strong Financial Position and Growth Opportunities Reinforce Buy Rating
- Penske Automotive Reports Strong Quarterly Earnings
- Penske Automotive Reports Strong Q2 2025 Financial Results
- Penske Automotive reports Q2 EPS $3.78, consensus $3.56