J.P. Morgan Puts Inchcape on Positive Catalyst Watch, Lifts Long-Term Price Target as Shares Climb
Shares of Inchcape Plc jumped after J.P. Morgan placed the automotive distributor on Positive Catalyst Watch and raised its longer-term price target following stronger-than-expected volume momentum. The broker boosted EPS and revenue forecasts for 2025 and 2026, spotlighting a rebound in the Americas and robust Asia-Pacific volumes, while cautionin…