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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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