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Fly News Breaks for August 8, 2016
TA
Aug 8, 2016 | 14:49 EDT
As previously reported, Craig-Hallum analyst Steven Dyer downgraded TravelCenters to Hold from Buy saying that while he believes the stock is "severely undervalued," it is unclear how this value will be unlocked. The analyst believes the company will likely remain a "significantly mispriced asset," and with uneven operating results and volatility around fuel margins. Dyer lowered his price target on the shares to $10 from $12.
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