Core & Main price target raised to $65 from $49 at Barclays

Barclays raised the firm’s price target on Core & Main to $65 from $49 and keeps an Overweight rating on the shares. The company offered “achievable yet beatable” guidance, with continued accretive acquisitions, better than expected organic growth, and gross margin resiliency, the analyst tells investors in a research note. The firm says demonstrating its place as a compounder in a secular industry should be reflected in the stock’s valuation.