BofA raised the firm’s price target on Core & Main to $38 from $33 and keeps an Underperform rating on the shares after Q4 revenue and adjusted EBITDA came in above consensus. The firm still anticipates pricing to be a headwind in FY24 and views pricing as the key risk, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 today’s best-performing stocks on TipRanks >>
Read More on CNM:
- Market Alert: Core & Main, Inc.’s Stock Vulnerable to Analyst Sentiments and Coverage Changes
- Core & Main, Inc. Class A (CNM) Q4 Earnings Cheat Sheet
- Core & Main to acquire ACF West, terms not disclosed
- Core & Main price target raised to $59 from $47 at RBC Capital
- Core & Main price target raised to $58 from $48 at Loop Capital