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Fly News Breaks for September 7, 2018
CORE
Sep 7, 2018 | 06:07 EDT
Loop Capital analyst Andrew Wolf raised his price target on Core-Mark to $41 and kept his Buy rating, saying the strong acceleration in merchandise same-store sales reported by Couche-Tard indicates "solid momentum" for convenience store industry where the company is a distributor. While the stock is valued at a premium relative to the industry, the analyst contends that the solid earnings growth of Core-Mark can be sustained.
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