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Core & Main Inc. (CNM) stock reached a significant milestone, achieving an all-time high of 66.7 USD. This marks a notable performance for the company, as its stock has experienced a substantial 73.06% increase over the past year. The surge in stock price reflects positive investor sentiment and confidence in Core & Main’s business operations and growth prospects. This achievement underscores the company’s strong market position and its ability to capitalize on industry opportunities, contributing to the impressive year-over-year gain.
In other recent news, Core & Main Inc. reported its Q1 2025 earnings, with earnings per share (EPS) of $0.52, aligning with analyst forecasts. The company’s revenue for the quarter reached $1.9 billion, exceeding expectations of $1.85 billion. Barclays analysts raised their price target for Core & Main to $69 from $65, maintaining an Overweight rating and expressing confidence in the company’s long-term prospects. They noted the company’s resilience in recent performance and reaffirmed fiscal year guidance. Additionally, RBC Capital increased its price target to $67 from $60, citing stronger first-half volumes and improving pricing trends. RBC also adjusted its fiscal year 2025 EBITDA estimate upward by 1% to $987 million, despite slightly higher SG&A expenses. These developments reflect a stable outlook for Core & Main, with analysts showing optimism in the company’s financial trajectory.
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