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Fly News Breaks for December 28, 2015
KAR
Dec 28, 2015 | 08:38 EDT
Sterne Agee CRT believes that KAR offers high visibility and will benefit from "limited competition, pricing power, and strong margins." The firm is upbeat about the company's free cash flow yield and thinks the stock has been held back by "transitory" headwinds. It expects the company's earnings growth to accelerate in 2016 and keeps a $50 price target and Buy rating on the shares.
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