JP Morgan Downgrades Carvana to Underweight, Announces $10 Price Target
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Rajat Gupta has downgraded Carvana (NYSE:CVNA) from Neutral to Underweight and set a price target of $10.
July 13, 2023 | 10:02 am
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Carvana has been downgraded by JP Morgan from Neutral to Underweight with a new price target of $10.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Carvana. The new price target of $10 is likely lower than the current trading price, indicating a bearish outlook for the stock.
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