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Fly News Breaks for January 8, 2018
CORE
Jan 8, 2018 | 06:56 EDT
Loop Capital analyst Andrew Wolf lowered his price target on Core-Mark to $31 from $38 after the company cut its Q4 guidance on Friday in anticipation of the ICR Conference. Wolf says he now views Core-Mark management with "far greater circumspection", but remains confident that the company "remains very well positioned to profitably gain market share". Wolf keeps his Buy rating on Core-Mark, adding that its valuation is below the median of its peer Specialty Food Distributors group.
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