B of A Securities Reinstates Buy on Carvana, Announces $185 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Michael McGovern has reinstated a Buy rating on Carvana (NYSE:CVNA) and set a price target of $185.
September 17, 2024 | 11:22 am
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B of A Securities has reinstated a Buy rating on Carvana with a price target of $185, indicating a positive outlook for the stock.
The reinstatement of a Buy rating and a high price target by a major analyst can boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100