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Fly News Breaks for January 5, 2018
CORE
Jan 5, 2018 | 14:07 EDT
As previously reported, Raymond James upgraded Core-Mark to Strong Buy from Outperform with a $31 price target. Analyst Benjamin Brownlow said Core-Mark's preliminary 2017 results were disappointing but 2018 guidance looks conservative. Brownlow views the selloff in Core-Mark shares as overdone and a compelling buying opportunity particularly given easier year-over-year sales comps beginning in Q2 2018.
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