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Fly News Breaks for August 9, 2018
KAR
Aug 9, 2018 | 08:45 EDT
SunTrust analyst Stephanie Benjamin raised her price target on KAR Auction to $70 and kept her Buy rating after its Q2 earnings beat and raised FY18 guidance. The analyst adds that her sum-of-the-parts analysis suggests that a higher enterprise value to EIBTDA multiple is warranted, with the earnings highlighting the momentum of its ADESA and IAA businesses.
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