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Openlane upgraded to Buy from Neutral at Northcoast

Northcoast upgraded Openlane (OPLN) to Buy from Neutral with a $34 price target Visibility into the “off-lease” recovery is close, and the potential for volume gains could be more substantial than prior expectations given upside from higher “capture” rates, the analyst tells investors in a research note. Openlane has more visibility into future supply dynamics than many other names, the firm says.

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