Goldman Sachs analyst David Tamberrino upgraded Group 1 Automotive (GPI) to Neutral citing the positive impact from Hurricane Harvey. The analyst sees positive impacts on the broader auto ecosystem as flood-damaged vehicles exit the system, particularly for auto dealerships with significant Houston exposure like Group 1. Tamberrino raised his price target for the shares to $67 from $56. The analyst also upgraded his view on the Rental Car sector to Neutral from Cautious. He raised his price target for Avis Budget (CAR) to $37 from $27 and for Hertz (HTZ) to $17 from $11. Tamberrino keeps a Neutral rating on Avis and Sell rating on Hertz.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here