CarParts.Com shares are trading lower after the company reported worse-than-expected Q2 financial results. RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $2 to $1.3 and Lake Street lowered its price target from $3 to $2.
Portfolio Pulse from Benzinga Newsdesk
CarParts.Com shares are trading lower after the company reported worse-than-expected Q2 financial results. RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $2 to $1.3. Lake Street also lowered its price target from $3 to $2.
July 31, 2024 | 7:40 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CarParts.Com shares are trading lower due to worse-than-expected Q2 financial results. RBC Capital downgraded the stock and lowered its price target, while Lake Street also reduced its price target.
The disappointing Q2 financial results have led to a downgrade by RBC Capital and lowered price targets from both RBC Capital and Lake Street. This negative sentiment is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100