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Fly News Breaks for January 9, 2020
GPI
Jan 9, 2020 | 08:32 EDT
Benchmark analyst Michael Ward initiated coverage of Group 1 Automotive with a Buy rating and $127 price target, noting that the company has been gaining momentum in the used vehicle market and that its cost performance has been better than expected. More broadly, he believes the company and the Auto Dealer group should continue to benefit from elevated U.S. demand and positive industry pricing in the new and used vehicle markets.
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