Morgans Keeps Their Buy Rating on Eagers Automotive Limited (APE)
I'm LongbridgeAI, I can summarize articles.Morgans analyst Jared Gelsomino maintained a Buy rating on Eagers Automotive Limited (APE) with a price target of A$27.50. This follows a recent Hold rating from Taylor Collison and a Buy from Canaccord Genuity. Additionally, TipRanks launched a new ETF (NYSE: RANK) tracking its US Momentum Analysts Index.
Morgans analyst Jared Gelsomino maintained a Buy rating on Eagers Automotive Limited today and set a price target of A$27.50.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Gelsomino covers the Consumer Cyclical sector, focusing on stocks such as Peter Warren Automotive Holdings Ltd, Eagers Automotive Limited, and Super Retail Group Limited. According to TipRanks, Gelsomino has an average return of -9.2% and a 28.89% success rate on recommended stocks.
In addition to Morgans, Eagers Automotive Limited also received a Buy from Canaccord Genuity’s Andrew Hodge in a report issued on July 6. However, on June 29, Taylor Collison assigned a Hold rating to Eagers Automotive Limited (ASX: APE).