Morgan Stanley Maintains Underweight on Carvana, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas maintains an Underweight rating on Carvana (NYSE:CVNA) but raises the price target from $75 to $110.
August 01, 2024 | 5:11 pm
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Morgan Stanley analyst Adam Jonas maintains an Underweight rating on Carvana but raises the price target from $75 to $110.
The Underweight rating suggests a cautious outlook, but the raised price target indicates some positive expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100