Stephens analyst Daniel Imbro lowered the firm’s price target on Group 1 Automotive to $330 from $350 and keeps an Overweight rating on the shares after the company reported a Q4 EPS miss, primarily due to challenges in the U.K. and lower P&S revenue than anticipated. While the firm is trimming its target to account for new 2024 estimates, it believes Group 1’s hiring and retention of technicians can continue to drive parts and service growth in 2024 and 2025, the analyst tells investors.
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