JP Morgan Downgrades Cars.com to Neutral, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta has downgraded Cars.com (NYSE:CARS) from Overweight to Neutral and lowered the price target from $25 to $19.

August 09, 2024 | 11:07 am
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JP Morgan analyst Rajat Gupta downgraded Cars.com from Overweight to Neutral and reduced the price target from $25 to $19.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $25 to $19 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the short-term stock price of Cars.com.
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