Asbury Automotive Group (ABG) Misses Q2 EPS by 116c

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Go back to Asbury Automotive Group (ABG) Misses Q2 EPS by 116c

CFRA Downgrades Asbury Automotive Group (ABG) to Hold

August 2, 2024 10:22 AM EDT

CFRA analyst Garrett Nelson downgraded Asbury Automotive Group (NYSE: ABG) from Buy to Hold with a price target of $260.00 (from $245.00).

The analyst comments "We raise our 12-month target price by $15 to $260, based on a 2025 P/E of 8.7x, a justified discount to ABG's 10-year... More