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Fly News Breaks for January 5, 2018
CORE
Jan 5, 2018 | 09:42 EDT
As previously reported, Stephens analyst Ben Bienvenu downgraded Core-Mark to Equal Weight from Overweight after the company cut its FY17 view and issued FY18 guidance. The 2017 adjusted EBITDA view is meaningfully below consensus expectations and while the 2018 outlook suggests an accelerated rate of growth that is off a considerably lower base, Bienvenu tells investors. He noted that his price target and estimates are under review following the company's update.
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