Core & Main price target raised to $69 from $65 at Barclays

Barclays analyst Matthew Bouley raised the firm’s price target on Core & Main to $69 from $65 and keeps an Overweight rating on the shares. The company’s Q1 volume and gross margin strength underscore its near-term outlook and potential upside to fiscal year guidance, “which looks conservative,” the analyst tells investors in a research note. The firm says water infrastructure spending, reflation, and SiTime’s margin initiatives support its outlook.