Goldman Sachs Downgrades Group 1 Automotive (GPI) to Neutral On Valuation
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Goldman Sachs downgrades Group 1 Automotive (NYSE: GPI) from Buy to Neutral, citing valuation. The firm raised their price target from $23 to $25. Since their Buy on 4/13, shares are up 59% vs. a 6% decrease in the S&P Retail Index.
Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry.
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