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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Read More on CNM:
- Core & Main price target lowered to $65 from $66 at Baird
- Core & Main Faces Financial Challenges Amid Leadership Changes and Market Pressures, Analyst Recommends Sell
- Core & Main Reports Strong Sales Growth Amid Challenges
- Core & Main CEO Steve LeClair to transition to chair, Mark Witkowski to succeed
- Core & Main reports Q4 EPS 33c, consensus 36c
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