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Fly News Breaks for May 29, 2015
CPRT
May 29, 2015 | 08:23 EDT
As noted earlier, SunTrust upgraded Copart to Neutral from Reduce. The firm thinks the company's headwinds of weak scrap pricing and a stronger dollar are more fully understood and priced in expectations following its Q3 earnings miss. The firm says that scrap metal prices have largely stabilized, and it believes the stock could be boosted by a sizable share buyback or an acquisition announcement. Target $33.
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