Truist Securities Maintains Hold on CarMax, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on CarMax (NYSE:KMX) while raising the price target from $70 to $75, indicating a slightly more optimistic outlook on the company's stock.
September 23, 2024 | 2:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Truist Securities has maintained a Hold rating on CarMax and increased the price target from $70 to $75, suggesting a modestly improved outlook.
The increase in price target from $70 to $75 by Truist Securities indicates a slightly more positive outlook on CarMax's stock, which could lead to a modest increase in investor confidence and potentially a short-term rise in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100