Sep. 10 at 12:40 AM
$CNM
JPMorgan raised the firm’s price target on Core & Main to
$64 from
$56 and keeps an Overweight rating on the shares. The firm updated estimates for the U.S. distributors to reflect the recent earnings results. Market volumes remained challenged despite strength in some verticals, but no worse than expected outside of residential heating, ventilation, and air conditioning, the analyst tells investors in a research note.