Wells Fargo raised the firm’s price target on Core & Main to $65 from $60 and keeps an Overweight rating on the shares following quarterly results. The firm sees reasons to be constructive that overshadow some of the near-term pressure points, keeping Wells positive on Core & Main overall.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNM:
- Core & Main price target raised to $69 from $65 at Barclays
- Positive Outlook for Core & Main: Solid Sales Growth and Margin Improvements Justify Buy Rating
- U.S.-China talks continue, IBM making large-scale quantum computer: Morning Buzz
- Morning Movers: Insmed jumps, United Therapeutics falls after TPIP study results
- Core & Main backs FY25 revenue view $7.6B-$7.8B, consensus $7.75B