Truist raised the firm’s price target on Core & Main to $56 from $38 and keeps a Hold rating on the shares. The stock’s post-earnings rally is a covering reaction from investors that shorted the name on recent PVC producer litigation news, the analyst tells investors in a research note. Core & Main’s management also anticipates neutral pricing sequentially, but its volume will be modestly down as end-user demand is mixed, the firm added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNM:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue