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Fly News Breaks for May 17, 2016
HAR, MGA, LAD
May 17, 2016 | 09:03 EDT
Pacific Crest says that lease expirations are poised to increase to 3.9M in 2018 from 2.5M in 2015. The firm says that this trend will be a tailwind for auto suppliers and retailers. It continues to identify Lithia Motors (LAD) as one of its favorite auto retailers and continues to identify Magna (MGA) as one of its favorite value ideas in the supplier group. Pacific Crest says that Harman (HAR) is one of its favorite growth ideas in the supplier group. The firm adds that the valuations of the auto supplier and auto retailers are attractive.
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