Barrington analyst Kevin Steinke lowered the firm’s price target on Distribution Solutions to $57 from $61, citing a "slightly more conservative" multiple assumption, and keeps an Outperform rating on the shares after the company – which was formed by merging Lawson Products, which previously traded under the ticker symbol "LAWS," into a holding company structure along with Gexpro Services and TestEquity – reported what he called "solid" Q3 results.
Published first on TheFly
