CarParts.com price target lowered to $4 from $8 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on CarParts.com to $4 from $8 and keeps a Buy rating on the shares following mixed results and guidance. 2024 will likely be a challenging year for the P&L and the stock lacks a near-term catalyst, but the right operational moves are being made for CarParts.com, the analyst tells investors in a research note.