Core & Main price target raised to $27 from $25 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Core & Main to $27 from $25 and keeps a Neutral rating on the shares. The company’s Q4 results were driven by better gross margins as its management made strategic inventory investments ahead of announced price increases, while favorable product mix and accretive acquisitions also helped, the analyst tells investors in a research note. Going forward, Core & Main should be able to achieve the higher end of the guide, Goldman Sachs adds.