In a report published Monday, Morgan Stanley analyst Ravi Shanker downgraded the rating on CarMax KMX from Overweight to Equal-Weight, but raised the price target from $50.00 to $56.00.
In the report, Morgan Stanley noted, “We believe a number of fundamental headwinds lie ahead for KMX which keeps us from remaining Overweight but we also see several defensive measures that prevent the stock from being an Underweight.”
CarMax closed on Friday at $55.65.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in