Asbury Automotive Group (ABG) PT Lowered to $58 at Deutsche Bank Following 2Q Miss

July 26, 2017 8:11 AM EDT
Get Alerts ABG Hot Sheet
Price: $184.81 +1.46%

Rating Summary:
    6 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 40 | New: 22
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Deutsche Bank lowered its price target on Asbury Automotive Group (NYSE: ABG) to $58.00 (from $60.00) while maintaining a Hold rating following the company's 2Q.

Adjusted EPS of $1.58 missed the consensus of $1.68. The miss was driven by softer gross profit in New and Used vehicles, along with higher SG&A levels, and costs associated with hail damage.

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