JP Morgan Maintains Overweight on Core & Main, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa maintains an Overweight rating on Core & Main (NYSE:CNM) but lowers the price target from $52 to $44.

September 06, 2024 | 6:19 pm
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JP Morgan's analyst Stephen Tusa maintains an Overweight rating on Core & Main but reduces the price target from $52 to $44, indicating a more cautious outlook.
The reduction in the price target from $52 to $44 by JP Morgan suggests a more cautious outlook on Core & Main's future performance, which could lead to a short-term negative impact on the stock price despite the maintained Overweight rating.
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