Copart gains after JPMorgan upgrade to Overweight
+4.42% to $33.58 from $32.16
What moved CPRT
- JPMorgan analyst Jash Patwa upgraded Copart to Overweight from Neutral and raised the price target to $40 from $32
- The upgrade came even as other analysts have trimmed price targets into the low-to-mid $30s, citing competitive pressure on fee rates and fiscal Q2 results that missed expectations
- Copart is scheduled to report its next quarterly results on September 10
Sources: StockStory · TIKR · Investing.com