Correction: Asbury Automotive initiated with a Market Weight at Thomas Weisel
Thomas Weisel initiated Asbury Automotive with a Market Weight rating, not an Overweight rating as previously reported. The firm believes the company could benefit from additional cost savings and increases in the market share of foreign dealerships, but it believes that the company could be hurt by its exposure to Florida. The firm set a $12 target. :theflyonthewall.com
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