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AutoNation Upgraded to Outperform

We have upgraded our long-term recommendation (6+ months) on the shares of AutoNation Inc. (AN) from Neutral to Outperform. This is based on its improved results and recent acquisitions. In the second quarter of 2010, AutoNation posted a 36% increase in profits (adjusted) to $62 million or 38 cents per share from $50 million or 28 [...]
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