Buckingham Upgrades GPI, PAG, ABG to Buy

April 3, 2012 9:27 AM EDT
Get Alerts GPI Hot Sheet
Price: $82.52 +0.61%

Rating Summary:
    5 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 25
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Buckingham Research's Joseph Amaturo upgraded several stocks in the Auto Retail group Tuesday morning, each from Neutral to Buy:
  • Group 1 Automotive (NYSE: GPI) with a $68 price target;
  • Penske (NYSE: PAG) with a $34 price target; and
  • Asbury Automotive (NYSE: ABG) with a $35 price target.
Shares of Group 1 and Asbury are up about 1.8 percent in pre-market action; shares of Penske are up nearly 1.7 percent.

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