Baird Maintains Outperform on Copart, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Craig Kennison maintains an Outperform rating on Copart (NASDAQ:CPRT) but lowers the price target from $58 to $56.
September 05, 2024 | 11:35 am
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Baird analyst Craig Kennison maintains an Outperform rating on Copart but lowers the price target from $58 to $56, indicating a slight decrease in expected valuation.
The Outperform rating suggests continued confidence in Copart's performance, but the lowered price target indicates a slight reduction in expected valuation, which may lead to a minor negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100