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Fly News Breaks for April 30, 2015
GPI, PAG
Apr 30, 2015 | 05:45 EDT
Goldman Sachs downgraded Penske Automotive (PAG) to Sell citing a premium relative valuation and high earnings expectations. The firm lowered its price target for shares to $43 from $44. It coupled the downgrade with an upgrade of Group 1 Automotive (GPI) to Neutral.