TrueCar price target raised to $2.55 from $2 at Lake Street

Lake Street analyst Ryan Meyers raised the firm’s price target on TrueCar (TRUE) to $2.55 from $2 and keeps a Hold rating on the shares after the company agreed to be acquired by Fair Holdings, an entity led by company founder Scott Painter. The firm views the proposed acquisition price of $2.55 per share, a roughly 72% premium to the prior day’s close, as “an attractive outcome for shareholders,” the analyst stated.