Sunday, 10 November 2013

JPMorgan Chase & Co. Reiterates Buy Rating for KAR Auction Services (KAR)






KAR Auction Services (NYSE:KAR)‘s stock had its “buy” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued on Friday, American Banking News.com reports. They currently have a $34.00 price objective on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 19.93% from the company’s current price.

A number of other analysts have also recently weighed in on KAR. Analysts at BB&T Corp. raised their price target on shares of KAR Auction Services to $33.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of KAR Auction Services from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $30.80 price target on the stock. Read more.

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