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Fly News Breaks for September 4, 2019
MPAA
Sep 4, 2019 | 06:30 EDT
Roth Capital analyst Justin Clare resumed coverage of Motorcar Parts with a Buy rating and a price target of $17. The analyst believes that the stock is undervalued, trading at a multiple of "only" a 4.5-times his expected FY21 EBITDA, citing his expectations of the company's profitability inflecting higher in the wake of price increases expected in the second half of FY20 along with "improved cost absorption".
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