CarGurus shares are trading higher after JP Morgan initiated coverage on the stock with an Overweight rating and $29 price target.
Portfolio Pulse from Benzinga Newsdesk
CarGurus shares are trading higher after JP Morgan initiated coverage on the stock with an Overweight rating and a $29 price target.
June 27, 2023 | 12:22 pm
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JP Morgan initiated coverage on CarGurus with an Overweight rating and a $29 price target, leading to higher trading.
JP Morgan's initiation of coverage with an Overweight rating and a $29 price target is a positive signal for CarGurus, indicating that the bank sees potential for the stock to outperform. This news is likely to attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100