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Core & Main price target raised to $68 from $63 at Loop Capital

Loop Capital raised the firm’s price target on Core & Main to $68 from $63 and keeps a Buy rating on the shares. The company reported an in-line quarter with healthy end market demand fundamentals and potential upside to its stable overall pricing guidance, the analyst tells investors in a research note. Core & Main’s strong Q1 results were driven by mid-single-digit organic sales growth and modest sequential gross margin expansion, the firm added.

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