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Gelonghui Sep 12 丨 Used car dealer Carvana (CVNA.US) is up more than 14% to $ 41.91. Piper Sandler updated the company to “buy” from “neutral” but lowered its price target to $ 73 from $ 98. Piper Sandler analysts said Carvana is grossly undervalued and, although the share price may “keep falling easily” in the short term, “such a large upside potential” outweighs the market risk.
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