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Fly News Breaks for November 16, 2016
ABG
Nov 16, 2016 | 07:42 EDT
As noted earlier, KeyBanc downgraded Asbury Automotive to Sector Weight from Overweight. Analyst Brett Hoselton expects the company to be hurt by the declining market share of small to mid-size sedans. He believes that competition among OEMs in this group have increased, and he expects Asbury's profits to be pressured as a result of this trend. .
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