Citigroup Upgrades Core & Main to Buy, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari has upgraded Core & Main (NYSE:CNM) from Neutral to Buy and increased the price target from $38 to $48. This upgrade reflects a positive outlook on CNM's stock, suggesting potential growth and a higher valuation than previously estimated.
January 08, 2024 | 2:07 pm
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Citigroup has upgraded Core & Main from Neutral to Buy and raised the price target from $38 to $48, indicating a bullish outlook on the company's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved company performance or market conditions. The increase in price target further reinforces the expectation of stock appreciation.
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