Core & Main price target lowered to $63 from $65 at Barclays

Barclays analyst Matthew Bouley lowered the firm’s price target on Core & Main to $63 from $65 and keeps an Overweight rating on the shares. The firm cites expectations for “slightly softer” residential growth in 2026 for the target cut. However, Core & Main’s near-term expectations look achievable on “conservative” residential volumes and inflationary trends, the analyst tells investors in a research note.