Truist Securities Maintains Hold on CarMax, Raises Price Target to $75-Report Released on 21 December 2023
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a Hold rating on CarMax (NYSE:KMX) and increased the price target from $72 to $75 as reported on December 21, 2023.
December 22, 2023 | 2:42 pm
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Truist Securities analyst Scot Ciccarelli has reaffirmed a Hold rating on CarMax and raised the price target to $75, indicating a potential upside from the previous target.
The increase in price target by Truist Securities suggests a positive outlook on CarMax's future performance, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, since the rating remains a Hold, the impact may be moderate as it does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100