JMP Securities Maintains Market Outperform on ACV Auctions, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on ACV Auctions (NASDAQ:ACVA) but reduced the price target from $20 to $19.
January 16, 2024 | 2:38 pm
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JMP Securities reaffirmed a Market Outperform rating on ACV Auctions, while lowering the price target from $20 to $19.
The reduction in price target by JMP Securities could have a mixed impact on ACV Auctions' stock price. While the maintenance of a Market Outperform rating is positive, the lowered price target may reflect a more conservative valuation or anticipated challenges, potentially leading to a neutral short-term impact.
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