PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS

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Penske Automotive Group (PAG) PT Raised to $140 at CFRA

July 31, 2024 12:44 PM EDT

CFRA analyst Garrett Nelson raised the price target on Penske Automotive Group (NYSE: PAG) to $140.00 (from $125.00) while maintaining a Sell rating.

The analyst comments "We increase our 12-month target by $15 to $140, based on a 2025 P/E of 10.0x, in line with PAG's... More