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Fly News Breaks for March 4, 2019
CARS
Mar 4, 2019 | 09:44 EDT
DA Davidson analyst Tom White lowered his price target on Cars.com to $28 after its lower than expected revenues and EBITDA in Q4 along with its below-consensus 2019 revenue growth outlook. The analyst cites "continued weak dealer trends" to start the year and softness in national advertising reported by the company. White is keeping his Buy rating on Cars.com shares however, stating that while the recovery in fundamentals remains "elusive", he is still positive on the risk/reward profile of the stock.
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