Baird Maintains Outperform on CarMax, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Craig Kennison maintains an Outperform rating on CarMax (NYSE:KMX), but has lowered the price target from $96 to $88.
September 29, 2023 | 10:48 am
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Baird analyst maintains Outperform rating on CarMax but lowers price target from $96 to $88.
The news is directly related to CarMax (KMX). While the Outperform rating is maintained, the lowering of the price target could potentially create some uncertainty among investors, possibly leading to short-term volatility in the stock price. However, the overall impact is neutral as the Outperform rating indicates that the analyst still expects the stock to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100