TrueCar price target raised to $4.50 from $3.50 at Needham

Needham raised the firm’s price target on TrueCar to $4.50 from $3.50 and keeps a Buy rating on the shares. The firm is positive on the company’s continued execution and confirmation of a more consumer friendly interest rate environment as a tailwind to drive new vehicle sales back towards higher historical levels, the analyst tells investors in a research note.