Cars.com in our Pivotal Point Check: JPMorgan Upgrade Fuels Share Price Increase – Digital Platform for new and Used Vehicles Becomes a "Must-Have" for car Dealers!
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JPMorgan has upgraded the rating from Neutral to Overweight. Strong Q1 results, attractive valuation, and reduced cyclical risk. Cars.com is becoming the "must-have" platform for car dealers. The online platform for new and used cars has received a significant upgrade from JPMorgan. The rating was raised from Neutral to Overweight, while the price target remains unchanged at $14.00. The upgrade, despite no increase in the price target, triggered an immediate positive response in the market. Shares of Cars.com rose by 5% on July...
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