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Fly News Breaks for August 9, 2018
CVNA
Aug 9, 2018 | 09:33 EDT
Craig-Hallum analyst Steve Dyer raised his price target for Carvana to $48 from $28 saying its revenue growth is "impressive" and go-to market strategy is clearly gaining traction. Nonetheless, the analyst reiterates a Hold rating, citing execution risk and as cash burn remains high.
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