RBC Capital Upgrades Carvana to Sector Perform, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson upgraded Carvana (NYSE:CVNA) from Underperform to Sector Perform and increased the price target from $45 to $90, indicating a more positive outlook on the company's stock.
March 08, 2024 | 12:57 pm
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Carvana's stock rating was upgraded by RBC Capital from Underperform to Sector Perform, and its price target was raised from $45 to $90, reflecting a more optimistic view on the company's future performance.
The upgrade from Underperform to Sector Perform by a reputable analyst at RBC Capital, along with a significant increase in the price target, suggests a strong positive reassessment of Carvana's stock. This is likely to influence investor sentiment positively in the short term, leading to potential price appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100