JPMorgan analyst Rajat Gupta upgraded TrueCar (TRUE) to Neutral from Underweight after the company announced its acquisition by Fair Holdings, the holding company of TrueCar founder Scott Painter, in an all-cash go-private transaction valued at $2.55 per share. The developments are not surprising given the strategic review process that TrueCar began in late 2024 and also in context of a continued choppy market backdrop, the analyst tells investors in a research note.
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