Why This Analyst Is Downgrading Auto Stocks CarMax, American Axle, Sonic Automotive, Says Supply Chain Issues ''Likely To Persist Into 2023''
On Friday, one auto analyst downgraded the stocks of three auto dealers and suppliers as auto market pressures persist. The Analyst: Bank of America analyst John Murphy issued the following three auto industry ratings changes: American Axle Manufact. Holdings, Inc. (NYSE: AXL ) downgraded from Buy to Neutral, price target cut from $16 to $13. CarMax, Inc (NYSE: KMX ) downgraded from Neutral to Underperform, price target cut from $146 to $100. Sonic Automotive Inc (NYSE: SAH ) downgraded from Neutral to Underperform, price target cut from $82 to $71. Related Link: 4 Rivian Analysts On Sales Growth, Widening Losses: Is EV Maker Back … Full story available on Benzinga.com
Why This Analyst Is Downgrading Auto Stocks CarMax, American Axle, Sonic Automotive, Says Supply Chain Issues ''Likely To Persist Into 2023''
On Friday, one auto analyst downgraded the stocks of three auto dealers and suppliers as auto market pressures persist. The Analyst: Bank of America analyst John Murphy issued the following three auto industry ratings changes: American Axle Manufact. Holdings, Inc. (NYSE: AXL ) downgraded from Buy to Neutral, price target cut from $16 to $13. CarMax, Inc (NYSE: KMX ) downgraded from Neutral to Underperform, price target cut from $146 to $100. Sonic Automotive Inc (NYSE: SAH ) downgraded from Neutral to Underperform, price target cut from $82 to $71. Related Link: 4 Rivian Analysts On Sales Growth, Widening Losses: Is EV Maker Back … Full story available on Benzinga.com