Goldman Sachs Maintains Neutral Rating for Core & Main: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained a Neutral rating for Core & Main (NYSE:CNM) but raised its price target from $38.00 to $42.00. Core & Main's shares are currently trading down at $37.85, which is a 2.7% decrease over the last 24 hours. The new price target suggests a potential upside of 10.96% from the current share price.

December 14, 2023 | 5:00 pm
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Goldman Sachs maintains a Neutral rating on Core & Main but increases the price target from $38 to $42, indicating a potential 10.96% upside from the current price.
The increase in price target by Goldman Sachs could be seen as a positive signal to investors, suggesting that the bank sees potential for growth in Core & Main's stock price. However, the Neutral rating indicates that Goldman Sachs does not see significant momentum in either direction in the short term. The recent dip in share price could be a reaction to market conditions or other factors not directly related to the analyst rating change.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100