Citigroup Downgrades Core & Main to Neutral, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Anthony Pettinari downgraded Core & Main (CNM) from Buy to Neutral but raised the price target from $63 to $64.

April 05, 2024 | 3:10 pm
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NEUTRAL IMPACT
Citigroup downgraded Core & Main to Neutral from Buy, but increased the price target to $64.
The downgrade to Neutral suggests a more cautious outlook on CNM's stock by Citigroup, potentially due to perceived limited upside or increased risks. However, the increase in the price target to $64 indicates a slightly more optimistic view on the stock's value. This mixed signal could lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100