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Fly News Breaks for March 5, 2019
CORE
Mar 5, 2019 | 09:40 EDT
BMO Capital analyst Kelly Bania raised her price target on Core-Mark to $38 after its Q4 earnings beat and higher than expected margin expansion forecast for FY19. The analyst cites the company's "continued favorable margin mix shift, operational improvements, and investments in technology." Bania is keeping her Market Perform rating on Core-Mark however to reflect the "risk of competitive bidding" for its customer contracts later this year and in early 2020, which she believes is not reflected in the company's current valuation levels.
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