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Fly News Breaks for November 7, 2018
CORE
Nov 7, 2018 | 06:13 EDT
Loop Capital analyst Andrew Wolf lowered his price target on Core-Mark to $40 from $41 after its Q3 results, saying the higher than expected profitability in the quarter may see a slightly lower than anticipated 2019 adjusted EBITDA. The analyst also points to its exits from about 2K stores because they were unprofitable, which lowered sales growth by up to 6%. Wolf keeps his Buy rating on Core-Mark however, stating that the company remains "well positioned for continued solid fundamental growth".
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