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Distribution Solutions price target raised to $40 from $36 at Barrington

Barrington raised the firm’s price target on Distribution Solutions to $40 from $36 and keeps an Outperform rating on the shares following the Q1 report. The firm says a return to organic growth is still anticipated in the second half of 2024. The analyst believes multiple expansion will be warranted over time as Distribution executes its long-term strategy.

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