Core & Main price target raised to $66 from $60 at Baird

Baird raised the firm’s price target on Core & Main to $66 from $60 and keeps an Outperform rating on the shares. The firm said they reported solid results and they remain positive and see further upside, noting management’s favorable informal F2025 outlook and incremental confidence that the key concerns impacting near-term investor sentiment are fading. Core & Main remains a top idea given reasonable valuation, favorable secular drivers, and attractive longer-term earnings power.