Loop Capital analyst Jeffrey Stevenson raised the firm’s price target on Core & Main (CNM) to $38 from $33 and keeps a Buy rating on the shares ahead of its Q2 results. The firm sees upside to estimates as its read-throughs from aggregates coverage and Advanced Drainage (WMS) earnings showed heavy nonresidential construction demand remained strong in the quarter amid increased manufacturing spending and onshoring trends, the analyst tells investors in a research note.
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