Fly News Breaks for November 13, 2019
Nov 13, 2019 | 07:09 EDT
Stephens analyst Daniel Imbro said IAA reported "strong" Q3 results on both the top and bottom-line and management gave clarity on market-share shifts and the implications for 2020 growth, which were both "better than feared." He was also encouraged to hear management say it intends to detail its multi-year margin opportunity in early 2020, said Imbro, who reiterates an Overweight rating and raised his price target on IAA shares to $51 from $47 following the report and guidance.
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