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Fly News Breaks for August 8, 2018
CORE
Aug 8, 2018 | 07:24 EDT
As previously reported, Stephens analyst Ben Bienvenu upgraded Core-Mark to Overweight from Equal Weight, stating that the Q2 report provides evidence that its operational execution has turned a corner while he thinks the industry backdrop is also showing signs of improvement. Bienvenu, who believes Core-Mark can accelerate EBITDA growth over the next twelve months and ultimately return to steady double-digit growth, raised his price target on the shares to $35 from $23.
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