BTIG raised the firm’s price target on Carvana (CVNA) to $395 from $330 and keeps a Buy rating on the shares. The firm’s pricing checks indicate near-term strength, while its latest brand survey also shows that the company’s longer-term value drivers are also intact, the analyst tells investors in a research note. On brand awareness, the percentage of people with a favorable impression of Carvana rose to 62% from 51% while negative impression dropped from an already-low 8% to 6%, the firm added.
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