Carvana shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and announced a $10 price target.
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Carvana's stock from Neutral to Underweight and set a price target of $10. This has led to a decrease in Carvana's share price.
July 13, 2023 | 12:59 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Carvana's stock has been downgraded by JP Morgan, leading to a decrease in share price. The new price target is $10.
JP Morgan's downgrade of Carvana's stock from Neutral to Underweight indicates a negative outlook for the company. This, coupled with a low price target of $10, has led to a decrease in the company's share price. The news is highly relevant and important for investors, leading to a high confidence in the negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100