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Fly News Breaks for February 28, 2019
CARS
Feb 28, 2019 | 14:32 EDT
Craig-Hallum analyst Steve Dyer downgraded Cars.com to Hold from Buy and lowered his price target on shares to $25 from $30. The analysDyer believes Cars.com is "embarking on an investment year which will see depressed margins and lower revenue year-over-year," and the analyst is moving to the sidelines as he doesn't see an "urgent need" to buy the stock currently.
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