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Robert M. Cohen & Co. Downgrades Republic Industries to Hold

8 October 1997

Robert M. Cohen & Co. Downgrades Republic Industries To Hold; Stock Trades Through Target Price, Up 76% in 3 Months

    GREAT NECK, N.Y., Oct. 8 -- Robert M. Cohen & Co. analyst
Keith R. Bossey downgraded his recommendation on Republic Industries, Inc.
to hold from buy after the stock traded through its $36 price
target, appreciating more than 76% in three months.
    Bossey said, "While we continue to believe in the overall concept, and see
the recent favorable outcomes in disputes with Toyota and Honda as validation
of the concept, we are lowering our investment rating to hold based on price.
The company's Q3 earnings release on October 30 may provide us with the
impetus to change our rating."

SOURCE  Robert M. Cohen & Co.