Why Carvana Stock Is Rocking Today
Shares of the original car vending machine company, Carvana (NYSE: CVNA), put the pedal to the metal this morning, racing ahead 7% through 11:55 a.m. ET.
You can thank Citigroup for that.
In a note out this morning, investment banker Citigroup announced it is doubling its target price on Carvana stock, from $5.50 per share to $11 -- but not shifting its recommendation even a single gear, leaving Carvana instead in "neutral."
Source Fool.com