Craig-Hallum Downgrades CarParts.com to Hold, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Ryan Sigdahl downgrades CarParts.com (PRTS) from Buy to Hold and lowers the price target from $4 to $2.

May 08, 2024 | 3:28 pm
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CarParts.com was downgraded by Craig-Hallum from Buy to Hold with a price target reduction from $4 to $2.
The downgrade from Buy to Hold suggests a neutral to negative outlook on the stock, indicating that the analyst sees limited upside potential from current levels. The significant reduction in the price target from $4 to $2 further underscores a bearish view on the stock's valuation and future performance prospects. This could lead to short-term selling pressure as investors adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100