Morgan Stanley Overweight on Core-Mark Holding

Morgan Keegan is out with a research report on Core-Mark Holding Company, Inc.

and it has an Outperform rating and a $40 price target. In a note to clients, Morgan Keegan writes, "We hosted meetings with management of CORE this week and attended the annual NACS Show. At the Expo most operators we spoke to (both public and private companies) seemed fairly upbeat in their business outlook, and most attendees seemed focused on solutions to improving operational efficiency and customer loyalty." Shares of CORE gained 10 cents yesterday to close at $31.54.