Carvana shares are trading lower after RBC Capital downgraded the stock from Sector Perform to Underperform but raised its price target from $9 to $30.
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Carvana's stock from Sector Perform to Underperform, but increased its price target from $9 to $30. This has resulted in Carvana shares trading lower.
July 20, 2023 | 3:04 pm
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Carvana's stock has been downgraded by RBC Capital, leading to a decrease in share price. However, the price target has been raised from $9 to $30.
The downgrade by RBC Capital has led to a decrease in Carvana's share price. However, the increase in the price target indicates a potential for future growth, which could attract investors in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100