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Fly News Breaks for August 10, 2016
MPAA
Aug 10, 2016 | 08:39 EDT
Roth Capital analyst Matt Koranda raised his price target for Motorcar Parts to $39 from $34 after the company reported margin performance that was better than expected on a favorable mix as well as increased overhead absorption on higher volume production. Further, the analyst notes that the company appeared confident in its ability to maintain strong margins throughout fiscal year 2017. He reiterates a Buy rating on the shares.
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