Core & Main price target raised to $28 from $25 at BofA

BofA raised the firm’s price target on Core & Main to $28 from $25 and keeps an Underperform rating on the shares. Despite a beat-and-raise quarter for adjusted EBITDA, management lowered the high end of revenue guidance for the second quarter in a row, notes the analyst, who raised the firm’s price target to reflect incremental M&A contributions.