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.
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