US EditionFerrari, Asbury Automotive, And AutoNation Touted As Top Picks for 2024 By BofA: Luxury Status And Strong Free Cash Flow Drive Growth - Asbury Automotive Gr (NYSE:ABG), Ferrari (NYSE:RACE), AutoNation (NYSE:AN)
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Ferrari, Asbury Automotive, And AutoNation Touted As Top Picks for 2024 By BofA: Luxury Status And Strong Free Cash Flow Drive Growth - Asbury Automotive Gr (NYSE:ABG), Ferrari (NYSE:RACE), AutoNation (NYSE:AN)
BofA Securities analyst John Murphy named Ferrari NV (NYSE: RACE), Asbury Automotive Group Inc (NYSE: ABG), and AutoNation Inc (NYSE: AN) as the top picks for 2024. The Auto industry remains well-positioned to benefit from the volume recovery and the beginning of a new cycle, especially in North America. According to the analyst, RACE (Buy rating) is a unique asset with significant intangible brand value and a true luxury status. The analyst no…
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