JP Morgan Maintains Underweight on Carvana, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Underweight rating on Carvana (NYSE:CVNA) and raises the price target from $10 to $15.
July 20, 2023 | 2:16 pm
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JP Morgan maintains an Underweight rating on Carvana and raises the price target from $10 to $15.
The news is directly related to Carvana. JP Morgan's decision to maintain an Underweight rating indicates a bearish outlook, but the increase in price target from $10 to $15 suggests some positive sentiment. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100