Evercore ISI Group Maintains In-Line on CarMax, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Montani maintains an In-Line rating on CarMax (NYSE:KMX) and raises the price target from $78 to $85.
March 26, 2024 | 3:44 pm
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Evercore ISI Group analyst Michael Montani maintains an In-Line rating on CarMax and raises the price target from $78 to $85.
The increase in price target by Evercore ISI Group suggests a positive outlook on CarMax's stock, potentially leading to increased investor confidence and a short-term rise in stock price. The In-Line rating indicates that the stock is expected to perform in line with the market or sector, suggesting stability. The adjustment in price target reflects new valuation assessments or expectations for the company's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100