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J.P.Morgan adjusts auto retailers' PTs
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J.P.Morgan reduces price targets for automotive retailers Lithia Motors and Penske Automotive Group due to challenges in used vehicle sales and slowing demand for electric vehicles, while raising price targets for Asbury Automotive Group, Autonation, and Group 1 Automotive.
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How do the adjustments in price targets reflect the changing dynamics of the automotive market?
How might the challenges in used vehicle sales impact the overall performance of the automotive retail industry?
What strategies could automotive retailers employ to address the slowing demand for electric vehicles?
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