Baird analyst David Manthey raised the firm’s price target on Core & Main to $40 from $38 and keeps an Outperform rating on the shares. The firm said the provided preliminary results which were favorable, with sales within the range of Street estimates and EBITDA well above and Baird updated estimates accordingly.
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 Insiders’ Hot Stocks on TipRanks >>
Read More on CNM:
- Core & Main announces offering of 19M shares of Class A common stock for holders
- Core & Main reports preliminary Q3 revenue $1.82B-$1.83B, consensus $1.84B
- Core & Main to acquire Enviroscape ECM, terms undisclosed
- Fly Insider: Tango Therapeutics, VMware among week’s notable insider trades
- Core & Main upgraded to Outperform from Peer Perform at Wolfe Research