Baird analyst David Manthey raised the firm’s price target on Core & Main to $33 from $29 and keeps an Outperform rating on the shares. The analyst said they reported solid January-quarter results, beating estimates on better pricing/gross margin. 2023 guidance implied upside to estimates and the 2023 pricing outlook surprised positively.
Published first on TheFly
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- Core & Main sees FY23 revenue $6.455B-$6.875B, consensus $6.34B
- Core & Main reports Q4 EPS 31c, consensus 32c
- Core & Main, Inc. Class A (CNM) Q4 Earnings Cheat Sheet
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