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Fly News Breaks for June 3, 2019
TRUE
Jun 3, 2019 | 12:13 EDT
Craig-Hallum analyst Steve Dyer maintained a Hold rating and $7 price target on TrueCar after the company announced the retirement of CEO Chip Perry. While the analyst is optimistic about the company's long-term potential, this "abrupt" CEO change "adds even more uncertainty" and leaves interim CEO with a "challenging task" to stabilize management, along with executing the company's redesign.
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