Fly News Breaks for August 9, 2019
Aug 9, 2019 | 06:34 EDT
Citi analyst Nicholas Jones lowered his price target for TrueCar to $4.50 from $7 saying continued headwinds pushed the company's guidance lower again. Continued declines in unique visitors to TrueCar's branded channel and manufacturer revenues underperforming in Q2 drove the weakness, Jones tells investors in a research note. He views the results as supportive of his cautious view of the business and keeps a Neutral rating on TrueCar.
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