Morgan Stanley Maintains Overweight on CarMax, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Overweight rating on CarMax (NYSE:KMX) and raised the price target from $75 to $80.
June 28, 2023 | 11:55 am
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on CarMax and raised the price target from $75 to $80, which could positively impact the stock's performance.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for CarMax. The increase in price target from $75 to $80 suggests that the analyst sees potential for the stock's price to rise, which could lead to a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100