RBC Capital Maintains Outperform on CarParts.com, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh has maintained an 'Outperform' rating on CarParts.com but has lowered the price target from $7 to $4.

October 31, 2023 | 2:07 pm
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RBC Capital has maintained an 'Outperform' rating on CarParts.com but lowered the price target from $7 to $4.
The lowering of the price target by RBC Capital from $7 to $4 indicates a potential decrease in the stock's value. However, the 'Outperform' rating suggests that the stock is still expected to do better than the market average. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100