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Pep Boys (PBY +3.7%) moves higher after Benchmark upgraded the shares to Buy and increased its...

Pep Boys (PBY +3.7%) moves higher after Benchmark upgraded the shares to Buy and increased its price target to $12 from $10, saying that tire profit margins are starting to show improvement with further gains coming in Q4. The firm adds that its balance sheet is strong, and the company is building cash to pay down and refinance debt.
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