RBC Capital Maintains Sector Perform on CarParts.com, Lowers Price Target to $0.8
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Shemesh maintains a Sector Perform rating on CarParts.com (NASDAQ:PRTS) but lowers the price target from $0.9 to $0.8.
October 30, 2024 | 3:00 pm
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RBC Capital has maintained its Sector Perform rating for CarParts.com but has lowered the price target from $0.9 to $0.8, indicating a less optimistic outlook.
The lowering of the price target by RBC Capital suggests a less optimistic view on CarParts.com's future performance, which could negatively impact the stock price in the short term. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100