Wells Fargo raised the firm’s price target on Core & Main to $65 from $62 and keeps an Overweight rating on the shares. Amidst a tough builder backdrop, the firm has detected a step-up in interest across its product/distributor coverage in recent weeks, even as questions about R&R recovery/tariffs percolate. Wells’ preference for the Q4 product EPS includes stocks with pricing power, limited discretionary R&R and attractive valuations.
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Read More on CNM:
- Core & Main price target raised to $56 from $43 at Citi
- Core & Main price target raised to $62 from $52 at Wells Fargo
- Core & Main price target raised to $56 from $38 at Truist
- Core & Main price target raised to $62 from $53 at RBC Capital
- Core & Main price target raised to $63 from $52 at Loop Capital
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