Initiated Buy X

PAG Penske Auto

The Benchmark Company

Upgrades Underweight Overweight X

PAG Penske Auto

Morgan Stanley

$115 $180

Initiated Equal-Weight X

PAG Penske Auto

Stephens

$161

Downgrades Neutral Underweight X

PAG Penske Auto

JP Morgan

$150 $140

Downgrades Overweight Eq-Weight X

PAG Penske Auto

Stephens

$156 $185

Downgrades Eq-Weight Underweight X

PAG Penske Auto

Morgan Stanley

$90

Downgrades Overweight Eq-Weight X

PAG Penske Auto

Morgan Stanley

$92 $94

Initiated Neutral X

PAG Penske Auto

JP Morgan

$51

Initiated Buy X

PAG Penske Auto

Seaport Global Securities

Downgrades Buy Neutral X

PAG Penske Auto

Guggenheim

Initiated Buy X

PAG Penske Auto

SunTrust

$60

PAG  Penske Automotive Group, Inc.

Penske Automotive Group, Inc. is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand. The Company's segments include Retail Automotive, consisting of its retail automotive dealership operations; Retail Commercial Truck, consisting of its retail commercial truck dealership operations in the United States and Canada; Other, consisting of its commercial vehicle and power systems distribution operations and other non-automotive consolidated operations, and Non-Automotive Investments, consisting of its equity method investments in non-automotive operations. The Company holds interests in Penske Truck Leasing Co., LP (PTL), a provider of transportation services and supply chain management.