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UPDATE: Morgan Stanley Reiterates On Group 1 Automotive, Inc. On Challenges Ahead

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Courtesy of Benzinga.

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In a report published Monday, Morgan Stanley analyst Ravi Shanker reiterated an Underweight rating on Group 1 Automotive, Inc. (NYSE: GPI), and raised the price target from $61.00 to $66.00.

In the report, Morgan Stanley noted, “Brazil operations have held back the diversification benefits that GPI expected primarily driven by macro issues. Structural headwinds in US as well as portfolio re-balancing/cost resizing in Brazil and US could easily offset UK strength.”

Group 1 Automotive closed on Friday at $75.56.

Latest Ratings for GPI

Date Firm Action From To
Jul 2014 KeyBanc Maintains Buy
May 2014 KeyBanc Maintains Buy
Oct 2013 Morgan Stanley Downgrades Overweight Underweight

View More Analyst Ratings for GPI
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Ravi ShankerAnalyst Color Price Target Analyst Ratings

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