** Guggenheim downgrades automotive retailer Group 1 Automotive GPI.N to "neutral" from "buy"; price target unchanged at $426
** Says rating change due to mix of premium valuation, potential tariff risk on the business and expected slow sales
** Adds price hike due to tariff will start impacting co's results sooner than the peer
** "Softening U.S. new seasonally adjusted annualised rate (SAAR) environment and premium valuation pose risks in the near-term"- Guggenheim
** Co's adj. EPS beat analysts' estimates for two consecutive quarters
** Seven of 9 brokerages rate the stock "buy" or higher, 2 "hold"; their median PT is $480 - data compiled by LSEG
** As of last close, stock had risen 6.5% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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