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Fly News Breaks for June 15, 2016
MPAA
Jun 15, 2016 | 08:48 EDT
Roth Capital analyst Matt Koranda says that while Motorcar Parts reported Q4 adjusted EBITDA below expectations, the company continues to highlight new business that should prove strategically beneficial. However, in the near-term, Motorcar Parts' implied EBITDA margin outlook appears "light," despite "strong growth" across all segments, the analyst tells investors in a research note. He reiterates a Buy rating on the stock but lowered his price target on the shares to $34 from $35.
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