The Analyst Landscape: 7 Takes On Core & Main
Portfolio Pulse from Benzinga Insights
Core & Main (NYSE:CNM) has received mixed analyst ratings over the past three months, with a recent positive shift in price targets. The average 12-month price target is now $41.86, up 18.48% from the previous $35.33. Analysts from Citigroup, Goldman Sachs, Truist Securities, Barclays, RBC Capital, and Wolfe Research have raised their price targets, reflecting optimism about the company's performance. Core & Main's financials show a revenue growth rate of 0.5%, a net margin of 6.13%, an ROE of 6.47%, an ROA of 2.22%, and a debt-to-equity ratio of 0.92.
January 08, 2024 | 3:01 pm
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POSITIVE IMPACT
Core & Main has seen a positive shift in analyst ratings with an increased average price target of $41.86, indicating a bullish sentiment among analysts.
The positive shift in analyst ratings and raised price targets for Core & Main suggest that analysts are optimistic about the company's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price. The relevance is high as the article directly discusses analyst ratings for CNM, and the importance is significant due to the direct impact analyst ratings can have on stock performance. The confidence level is high as multiple analysts from reputable firms have raised their price targets, indicating a consensus of positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100