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Fly News Breaks for August 6, 2019
CARS
Aug 6, 2019 | 08:41 EDT
Craig-Hallum analyst Steve Dyer lowered his price target for Cars.com to $15 from $25, citing a trifecta of bad news, namely no sale, Q2 miss and guidance. Nonetheless, dealer and traffic trends spark optimism, he contends, while reiterates a Hold rating on the shares as he does not see a near-term catalyst.
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