Group 1 Automotive price target lowered to $426 from $502 at Guggenheim

Guggenheim lowered the firm’s price target on Group 1 Automotive (GPI) to $426 from $502 and keeps a Buy rating on the shares. Ahead of Q1 results, the firm is updating estimates for its auto supplier and auto dealer coverage and “dramatically lowering estimates,” consistent with its prior work on tariffs, the analyst tells investors in a preview for the group.