Barclays Maintains Overweight on Core & Main, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matthew Bouley has maintained an Overweight rating on Core & Main (NYSE:CNM) and increased the price target from $49 to $65.
March 20, 2024 | 10:20 am
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Core & Main and raised the price target from $49 to $65.
The increase in price target by a reputable analyst like Matthew Bouley from Barclays signals a strong confidence in Core & Main's future performance. This is likely to positively influence investor sentiment and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100