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Fly News Breaks for July 1, 2019
CDK
Jul 1, 2019 | 07:51 EDT
Barrington analyst Gary Prestopino believes CDK Global's plan divest its digital marketing businesses is "very positive" for long-term shareholder value. These businesses were "cyclical, competitive, overly reliant on one client and not positively impacting shareholder value," Prestopino tells investors in a research note. The analyst keeps an Outperform rating on CDK Global with an $80 price target.
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