B of A Securities Upgrades Openlane to Neutral, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy upgraded Openlane (NYSE:KAR) from Underperform to Neutral and increased the price target from $16 to $20.

April 10, 2024 | 12:05 pm
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Openlane's stock rating was upgraded from Underperform to Neutral by B of A Securities, with a price target increase from $16 to $20.
The upgrade in rating from Underperform to Neutral by a significant financial institution like B of A Securities, coupled with a raise in price target, is likely to instill positive sentiment among investors. This could lead to an increase in stock price in the short term as the market reacts to the new rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100