RBC Capital raised the firm’s price target on Core & Main to $67 from $60 and keeps an Outperform rating on the shares. The company delivered “solid” results and the firm is boosting its FY25 EBITDA view by 1% to $987M on stronger first-half volumes, improving pricing trends, and ongoing gross margin resilience, the analyst tells investors in a research note. RBC adds that it continues to see progression on gross margin and pricing as chipping away at the bear case and demonstrating the long-term resilience of Core & Maine earnings.
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