Barclays Lowers Price Target for Asbury Automotive Group (ABG) to $230: Analysts' Forecast

Barclays maintains an "Equal-Weight" rating on Asbury Automotive Group (ABG) and lowers its price target from $250 to $230, marking an 8% decrease. The company operates 152 new-vehicle stores and 37 collision centers, with over 70% of new-vehicle revenue coming from luxury and import brands. Analysts forecast an average target price of $246.71 with an upside of 9.69% from the current price. The average brokerage recommendation is 2.9, indicating a "Hold" status.