Core & Main's Good Q3 News Popular With Investors [Seeking Alpha]
Core & Main, Inc. Class A (CNM)
Company Research
Source: Seeking Alpha
Robert F. Abbott 1.08K Follower s Follow Play 11min Summary Core & Main, Inc. experienced a 15.51% stock price surge due to strong Q3 results, driven by 12% sales growth from organic growth and acquisitions. I maintain a Strong Buy rating on CNM stock with a one-year price target of $63.92, reflecting a 15.69% increase from the December 4 closing price. CNM benefits from the Infrastructure Investment & Jobs Act, positioning it well for future growth in water infrastructure and fire protection markets. Key risks include economic cycles, weather uncertainties, competition, and potential issues from acquisitions, but long-term growth prospects remain strong. alacatr/iStock via Getty Images Investment thesis The price of Core & Main, Inc. ( NYSE: CNM ) popped 15.51% on December 3, 2024, thanks to a strong third-quarter, fiscal-2024 earnings report . While the stock subsequently fell back by a point the This article was written by Robert F. Abbott 1.08K Follo
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CNM
News
- Core & Main, Inc. (NYSE: CNM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $50.00 to $57.00. They now have a "neutral" rating on the stock.MarketBeat
- Core & Main, Inc. (NYSE: CNM) had its price target raised by analysts at Loop Capital from $52.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Core & Main, Inc. (NYSE: CNM) had its price target raised by analysts at Wells Fargo & Company from $52.00 to $62.00. They now have an "overweight" rating on the stock.MarketBeat
- Core & Main, Inc. (NYSE: CNM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $62.00 price target on the stock, up previously from $53.00.MarketBeat
- Core & Main, Inc. (NYSE: CNM) had its price target raised by analysts at Truist Financial Co. from $38.00 to $56.00. They now have a "hold" rating on the stock.MarketBeat
CNM
Earnings
- 12/3/24 - Beat
CNM
Sec Filings
- 12/17/24 - Form 8-K
- 12/5/24 - Form 4
- 12/5/24 - Form 4
- CNM's page on the SEC website