RBC Capital Maintains Outperform on Core & Main, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Mike Dahl maintains an Outperform rating on Core & Main (NYSE:CNM) but lowers the price target from $60 to $53.
September 05, 2024 | 4:20 pm
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RBC Capital has maintained its Outperform rating for Core & Main but has reduced the price target from $60 to $53, indicating a more conservative outlook.
The maintenance of an Outperform rating suggests continued confidence in Core & Main's performance, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100