Carvana shares are trading higher after Wedbush upgraded the stock from Underperform to Neutral and raised its price target from $40 to $48.
Portfolio Pulse from Benzinga Newsdesk
Wedbush has upgraded Carvana's stock from Underperform to Neutral and raised its price target from $40 to $48. This has resulted in Carvana shares trading higher.
September 18, 2023 | 2:55 pm
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POSITIVE IMPACT
Carvana's stock has been upgraded by Wedbush from Underperform to Neutral, with a price target increase from $40 to $48. This has led to an increase in the trading price of Carvana shares.
The upgrade of Carvana's stock by Wedbush from Underperform to Neutral indicates a more positive outlook on the company's performance. The increase in the price target from $40 to $48 suggests that Wedbush expects the stock's value to rise. This news has already had a positive impact on the trading price of Carvana shares, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100