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Fly News Breaks for January 18, 2018
KMX
Jan 18, 2018 | 07:36 EDT
As previously reported, Oppenheimer analyst Brian Nagel upgraded CarMax to Outperform from Perform as he sees risk/reward favorable again. While the analyst believes CarMax is not yet "out of the woods," he argues that the combination of a still compelling demand backdrop and prospects for meaningful "tax rate savings" suggests that for shares, longer-term opportunity now meaningfully outweighs near-term risks. The analyst also raised his price target on the shares to $88 from $80.
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