RBC Capital analyst Mike Dahl raised the firm’s price target on Core & Main to $34 from $33 and keeps an Outperform rating on the shares after its Q2 results. The firm has a favorable view on the stock as water infrastructure and continued share gains provide relative resiliency against current single-family declines and eventual multi-family/non-residential weakness, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CNM:
- Core & Main price target raised to $38 from $34 at Baird
- Core & Main price target raised to $33 from $28 at Credit Suisse
- Core & Main (NYSE:CNM) Stock Down on Weak Q2 Results, Guidance Trim
- Core & Main narrows FY23 revenue view to $6.6B-$6.8B from $6.6B-$6.9B
- Core & Main reports Q2 EPS 66c, consensus 68c