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Fly News Breaks for April 6, 2015
KMX
Apr 6, 2015 | 06:59 EDT
Wells Fargo believes that CarMax reported solid results, and the firm thinks the company is firing on all cylinders. Wells continues to believe that few retailers can match the company's differentiated customer value proposition, large total available market, and emerging scale advantages. It raised its price target range on the stock to $80-$83 from $73-$75 and keeps an Outperform rating on the shares.
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