CL King Starts Kar Auction (KAR) at Buy, Sets $22 Price Target

June 10, 2011 11:34 AM EDT
Get Alerts KAR Hot Sheet
Price: $30.88 --0%

Rating Summary:
    8 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Shares of Kar Auction (NYSE: KAR) are trading 1 percent higher Friday morning following a new Buy rating from an analyst at CL King. The analyst also set a new $22 price target.

With the stock last trading around $18.67, the firm's new price target represents potential upside of about 18 percent.

For more ratings news on Kar Auction click here and for the rating history of Kar Auction click here.


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