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Fly News Breaks for March 5, 2019
CARS
Mar 5, 2019 | 10:07 EDT
Barrington analyst Gary Prestopino lowered his price target range for Cars.com to $35-$40 from $40-$45 following the company's Q4 results to reflect comparative valuations and adjusted EBITDA for 2019. The analyst, however, maintains an Outperform rating on the shares. He views the company's results as showing continued progress on its transformation to a technology-driven automotive marketplace solutions provider.
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