JPMorgan lowered the firm’s price target on ACV Auctions (ACVA) to $11 from $18 and keeps an Overweight rating on the shares post the Q3 report. The company’s increased investments drive a large margin reset, the analyst tells investors in a research note.
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Read More on ACVA:
- ACV Auctions downgraded to Market Perform from Outperform at Barrington
- ACV Auctions price target lowered to $13 from $21 at Goldman Sachs
- ACV Auctions double downgraded to Underperform at BofA
- ACV Auctions downgraded to Underperform from Buy at BofA
- ACV Auctions price target raised to $20 from $11 at Northcoast