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Fly News Breaks for February 13, 2019
PAG
Feb 13, 2019 | 06:05 EDT
Seaport Global analyst Michael Ward initiated Penske Automotive with a Buy and $61 price target telling investors shares are valued at a discount. Ward said earnings are benefiting from strong Commercial Truck unit performance, increased equity income from Penske Truck Leasing, and a growing position in the independent used vehicle market.
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