Baird Maintains Outperform on CarMax, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Craig Kennison has maintained an Outperform rating on CarMax (KMX) but has lowered the price target from $88 to $84.
April 12, 2024 | 10:43 am
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Baird maintains an Outperform rating on CarMax but lowers the price target from $88 to $84.
While the reduction in price target could suggest a slightly less optimistic view on CarMax's short-term price potential, the maintenance of an Outperform rating indicates a continued positive outlook on the company's performance. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100