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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 08:43 EDT
Baird analyst Craig Kennison said Copart's earnings and revenues fell short of expectations and the modest slowdown was sufficient to break the momentum in the shares. The analyst said he remains bullish on the shares as the fundamentals remain. He said the last momentum break lasted roughly eight months but it proved to be a good entry point for investors. Kennison reiterated his Outperform rating and raised his price target to $100 from $96 on Copart shares.
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