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Fly News Breaks for July 24, 2015
TRUE
Jul 24, 2015 | 05:30 EDT
Goldman Sachs downgraded TrueCar to Neutral following the company's negative Q2 preannouncement and reduced fiscal year outlook. Unit volume is significantly weaker than expected and revenue visibility is low, Goldman tells investors. It cut its price target for shares to $8 from $12.
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