Carvana shares are trading higher after Morgan Stanley maintained an Underweight rating on the stock but raised its price target from $35 to $37.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Underweight rating on Carvana's stock but increased its price target from $35 to $37. This has led to Carvana's shares trading higher.
August 11, 2023 | 6:22 pm
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Carvana's stock is trading higher after Morgan Stanley maintained an Underweight rating but raised its price target from $35 to $37.
The increase in Carvana's price target by Morgan Stanley, despite maintaining an Underweight rating, indicates a positive outlook for the company's stock. This has led to an increase in the trading price of Carvana's shares.
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