Jefferies Upgrades Carvana to Hold, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Colantuoni upgraded Carvana (CVNA) from Underperform to Hold and increased the price target from $30 to $85.
March 12, 2024 | 9:07 am
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Jefferies upgraded Carvana from Underperform to Hold and raised the price target from $30 to $85.
The upgrade from Underperform to Hold by a reputable analyst at Jefferies, along with a significant increase in the price target, suggests a more positive outlook on Carvana's stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100