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Asbury Automotive Group Inc (ABG) [hlAlert]

Rating:
Hold ABG
up 71.86 %

Asbury Automotive Group Inc (ABG) downgraded to Hold with price target $7 by Deutsche Securities

Posted on: Friday,  Apr 17, 2009  8:25 AM ET by Deutsche Securities

Deutsche Securities rated Hold Asbury Automotive Group Inc (NYSE: ABG) on 04/17/2009. Previously Deutsche Securities rated Buy Asbury Automotive Group Inc (NYSE: ABG)
on 03/19/2009., when the stock price was $3.91. Since then, Asbury Automotive Group Inc has gained 71.87% as of 04/17/2009's recent price of $6.72.
If you would have followed the previous Deutsche Securities's recommendation on ABG, you would have gained 71.86% of your investment in 29 days.

Asbury Automotive Group, Inc. (Asbury) is an automotive retailer in the United States. It offers customers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, replacement parts, new and used vehicle financing, and the sale of warranty, insurance and extended service contracts. During the year ended December 31, 2008, the Company operated 115 franchises at 87 dealership locations. The retail network is organized into two regions, east and west, and includes nine locally branded dealership groups. It includes Nalley Automotive Group, Courtesy Autogroup, Coggin Automotive Group, Crown Automotive Company, David McDavid Auto Group, California Dealerships, North Point Auto Group, Gray-Daniels Auto Family and Plaza Motor Company. As of December 31, 2008, Asbury operated dealerships in 22 metropolitan markets throughout the United States.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2009 8:25 AM Hold
None
6.72 7.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  71.86 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2009 8:25 AM Buy
None
3.91 7.00
7/31/2008 1:25 PM Hold
None
10.03 14.00
7/23/2008 2:25 PM Hold
None
12.94 17.00
10/31/2007 1:25 PM Hold
None
18.33 24.00
9/21/2007 1:25 PM Hold
None
20.92 28.00

(*) Stock Price at the time of the recommendation.
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