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Core & Main price target lowered to $60 from $62 at RBC Capital

RBC Capital lowered the firm’s price target on Core & Main to $60 from $62 and keeps an Outperform rating on the shares. The company’s Q4 results showed continued resiliency in sales and margins despite ongoing macro and demand choppiness, the analyst tells investors in a research note. RBC adds that it sees a relatively resilient adjusted EBITDA trajectory for Core & Main and continues to like its long-term value creation opportunity.

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