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Fly News Breaks for June 15, 2018
MPAA
Jun 15, 2018 | 08:30 EDT
Roth Capital analyst Matt Koranda downgraded Motorcar Parts to Neutral from Buy as he expects margin erosion to intensify in the coming quarters as better industry growth is awaited. He cut his price target on Motorcar Parts shares to $22 from $26 following the company's report of Q4 results and issuance of FY19 guidance.
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