JP Morgan Maintains Underweight on CarMax, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Underweight rating on CarMax (NYSE:KMX) but raises the price target from $55 to $65.
September 19, 2024 | 2:18 pm
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JP Morgan analyst Rajat Gupta maintains an Underweight rating on CarMax but raises the price target from $55 to $65, indicating a slightly more positive outlook.
The Underweight rating suggests a cautious stance, but the increased price target indicates some positive expectations for CarMax's performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100