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Enter Symbol:
Rating: ABG
Hold $52

Asbury Automotive Group Inc (NYSE: ABG) reiterated to Hold with price target $52 by Deutsche Bank

Wednesday,  Feb 5, 2014  1:25 PM ET by Kristen Bailey

Deutsche Bank reiterated Asbury Automotive Group Inc (NYSE: ABG) to Hold with price target $52 with today's
price of $48.39. Deutsche Bank rated Asbury Automotive Group Inc (NYSE: ABG) to Hold with price target $37 on 04/25/2013, when the price was $40.22. Asbury Automotive Group Inc's stock price gained 20% since then.

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 is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.

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