Raymond James Downgrades Carvana to Underperform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Mitch Ingles downgraded Carvana (NYSE:CVNA) from Market Perform to Underperform, indicating a negative outlook on the company's stock.
February 16, 2024 | 11:25 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Carvana was downgraded by Raymond James from Market Perform to Underperform, suggesting a bearish outlook.
The downgrade by a prominent analyst firm like Raymond James typically signals a negative short-term outlook on the stock, potentially leading to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100