Stephens & Co. Reiterates Equal-Weight on Openlane, Maintains $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Daniel Imbro has reiterated an Equal-Weight rating on Openlane (NYSE:KAR) and maintained a $16 price target on the company's stock.

December 06, 2023 | 1:09 pm
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Stephens & Co. analyst Daniel Imbro reaffirmed an Equal-Weight rating on Openlane with a steady price target of $16.
The reiteration of an Equal-Weight rating and maintenance of the price target suggests that Stephens & Co.'s outlook on Openlane remains unchanged. This typically does not have a significant impact on the stock price in the short term, as it neither upgrades nor downgrades the company's position. The price target being maintained indicates that the analyst believes the stock is fairly valued at its current level.
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IMPORTANCE 75
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