Truist Securities Maintains Hold on CarMax, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a 'Hold' rating on CarMax (NYSE:KMX) but lowered the price target from $82 to $72.
September 29, 2023 | 3:18 pm
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NEGATIVE IMPACT
CarMax's price target has been lowered from $82 to $72 by Truist Securities, though the 'Hold' rating is maintained.
The lowering of the price target by Truist Securities indicates a less optimistic outlook for CarMax's stock in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100