Mizuho Initiates Coverage On CarMax with Neutral Rating, Announces Price Target of $80
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst David Bellinger initiates coverage on CarMax (NYSE:KMX) with a Neutral rating and sets a price target of $80.

March 19, 2024 | 11:33 am
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NEUTRAL IMPACT
Mizuho has initiated coverage on CarMax with a Neutral rating and a price target of $80.
The initiation of coverage by Mizuho with a Neutral rating and a specific price target provides investors with a new professional analysis to consider. However, a Neutral rating suggests that Mizuho does not see significant upside or downside in the near term, which is why the score is neutral. The relevance is high because the news directly pertains to CarMax. The importance is significant but not critical, as analyst ratings are just one of many factors investors consider. The confidence level is high due to the clear and direct nature of the analyst's action.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90