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Fly News Breaks for October 8, 2015
MUSA, CORE
Oct 8, 2015 | 07:18 EDT
Stephens analyst Ben Bienvenu called Core-Mark's (CORE) newly announced five-year supply agreement with Murphy USA (MUSA) a "meaningful windfall" that should be accretive to estimates in FY16. The analyst raised his FY16 estimates for Core-Mark, which he believes has a full pipeline for additional large contract wins, and increased his price target for shares to $85 from $73. Bienvenu keeps an Overweight rating on Core-Mark shares.
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