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These Analysts Boost PT On Core & Main Following Strong Q2 Earnings

Core & Main, Inc. (NYSE: CNM) reported better-than-expected results for its second quarter on Tuesday.

Benzinga · 09/14/2022 09:05

Core & Main, Inc. (NYSE:CNM) reported better-than-expected results for its second quarter on Tuesday.

Core & Main reported Q2 earnings of $0.67 per share, beating analysts’ estimates of $0.47 per share. The company’s quarterly sales came in at $1.86 billion, versus expectations of $1.63 billion.

Core & Main shares gained 2.5% to close at $25.11 on Tuesday.

These three analysts made changes to their price targets on Core & Main today.

  • Goldman Sachs raised the price target on the stock from $26 to $29. Goldman Sachs analyst Joe Ritchie maintained the stock with a Neutral rating.
  • Credit Suisse increased price target on the stock from $29 to $32. Credit Suisse analyst Jamie Cook maintained Core & Main with an Outperform.
  • Baird raised price target on Core & Main from $27 to $30. Baird analyst David Manthey maintained the stock with an Outperform.