AP Eagers: Recognising ST earnings volatility

By Josephine (Jo) Little

21 January 2020, 4:43 PM

AP Eagers (ASX:APE) provides strong leverage to a recovery in car sales when they ultimately turn (as implied in our current price target), however the potential for further consensus downgrades is a risk we would prefer to get more clarity on. We therefore lower our rating to Hold.

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