Wedbush Upgrades CarMax to Outperform, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has upgraded CarMax (NYSE:KMX) from Neutral to Outperform and raised the price target from $85 to $90.
September 25, 2023 | 12:10 pm
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CarMax's stock rating has been upgraded from Neutral to Outperform by Wedbush analyst Seth Basham, with a price target increase from $85 to $90.
The upgrade from Neutral to Outperform indicates that the analyst believes CarMax's stock will outperform the market or its sector in the short term. The increase in price target from $85 to $90 suggests that the analyst sees potential for the stock's price to increase. This could lead to increased investor interest and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100