Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Recommendations
Core & Main price target lowered to $40 from $41 at Deutsche Bank » 16:36
01/10/23
01/10
16:36
01/10/23
16:36
CNM

Core & Main

/

+

Deutsche Bank analyst Joe…

Deutsche Bank analyst Joe Ahlersmeyer lowered the firm's price target on Core & Main to $40 from $41 and keeps a Buy rating on the shares. The analyst now has increased conviction in his view that residential new construction can "remain surprisingly resilient" in 2023. He urges investors to "drop past rules of thumb" around starts, and derive forecasts for building product volumes from completions instead. With interest rate risk "now seeming to drift favorably," Ahlersmeyer is "far more constructive" on stocks with new construction exposure.

ShowHide Related Items >><<
CNM Core & Main
/

+

CNM Core & Main
/

+

12/16/22 Citi
Core & Main price target lowered to $22 from $26 at Citi
10/20/22 Deutsche Bank
Core & Main price target lowered to $37 from $40 at Deutsche Bank
09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
CNM Core & Main
/

+

  • 16
    Sep
CNM Core & Main
/

+

Over a month ago
Recommendations
Core & Main price target lowered to $22 from $26 at Citi » 06:26
12/16/22
12/16
06:26
12/16/22
06:26
CNM

Core & Main

$19.54 /

-0.335 (-1.69%)

Citi analyst Anthony…

Citi analyst Anthony Pettinari lowered the firm's price target on Core & Main to $22 from $26 and keeps a Neutral rating on the shares. The analyst believes the company's margin benefits look set to reverse into 2023. He sees a balanced risk/reward at current share levels.

ShowHide Related Items >><<
CNM Core & Main
$19.54 /

-0.335 (-1.69%)

CNM Core & Main
$19.54 /

-0.335 (-1.69%)

10/20/22 Deutsche Bank
Core & Main price target lowered to $37 from $40 at Deutsche Bank
09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
CNM Core & Main
$19.54 /

-0.335 (-1.69%)

  • 16
    Sep
  • 06
    Jan
CNM Core & Main
$19.54 /

-0.335 (-1.69%)

Hot Stocks
Core & Main sees FY22 adjusted EBITDA $910M-$930M » 07:40
12/13/22
12/13
07:40
12/13/22
07:40
CNM

Core & Main

$20.51 /

-0.16 (-0.77%)

"We expect to…

"We expect to deliver strong performance in the fourth quarter despite the 50% net sales growth we achieved in the same period last year," LeClair continued. "We expect demand to remain resilient, supported by our balanced business mix and the execution of our growth initiatives. We remain confident in the long-term stability of our business and end-markets, as roughly half of our net sales are driven by non-discretionary repair and replacement activity. Taken altogether, we are raising our expectation for fiscal 2022 Adjusted EBITDA to be in the range of $910 to $930 million, representing year-over-year growth of 51% to 54%."

ShowHide Related Items >><<
CNM Core & Main
$20.51 /

-0.16 (-0.77%)

CNM Core & Main
$20.51 /

-0.16 (-0.77%)

10/20/22 Deutsche Bank
Core & Main price target lowered to $37 from $40 at Deutsche Bank
09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
CNM Core & Main
$20.51 /

-0.16 (-0.77%)

  • 16
    Sep
  • 06
    Jan
CNM Core & Main
$20.51 /

-0.16 (-0.77%)

Earnings
Core & Main reports Q3 EPS 65c, consensus 57c » 07:38
12/13/22
12/13
07:38
12/13/22
07:38
CNM

Core & Main

$20.51 /

-0.16 (-0.77%)

Reports Q3 revenue…

Reports Q3 revenue $1.82B, consensus $1.71B. "We delivered our eighth consecutive quarter of double-digit year-over-year net sales growth, with third quarter net sales exceeding our expectations due to healthy end-market demand, robust performance across our growth initiatives and continued price realization. This is an impressive accomplishment considering the 39% net sales growth we achieved in the same period last year. Municipal repair and replacement activity remains strong, and we continue to see an acceleration of non-residential construction activity."

ShowHide Related Items >><<
CNM Core & Main
$20.51 /

-0.16 (-0.77%)

CNM Core & Main
$20.51 /

-0.16 (-0.77%)

10/20/22 Deutsche Bank
Core & Main price target lowered to $37 from $40 at Deutsche Bank
09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
CNM Core & Main
$20.51 /

-0.16 (-0.77%)

  • 16
    Sep
  • 06
    Jan
CNM Core & Main
$20.51 /

-0.16 (-0.77%)

Over a quarter ago
Hot Stocks
Core & Main to acquire Lanier Municipal Supply Co » 16:42
11/07/22
11/07
16:42
11/07/22
16:42
CNM

Core & Main

$20.20 /

+0.2 (+1.00%)

Core & Main has…

Core & Main has entered into a definitive agreement to acquire substantially all of the assets of Lanier Municipal Supply Co. Inc., a full-service distributor of water, wastewater, storm drainage, agricultural and irrigation products, headquartered in Lakeland, Georgia.

ShowHide Related Items >><<
CNM Core & Main
$20.20 /

+0.2 (+1.00%)

CNM Core & Main
$20.20 /

+0.2 (+1.00%)

10/20/22 Deutsche Bank
Core & Main price target lowered to $37 from $40 at Deutsche Bank
09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
CNM Core & Main
$20.20 /

+0.2 (+1.00%)

  • 16
    Sep
  • 06
    Jan
CNM Core & Main
$20.20 /

+0.2 (+1.00%)

Recommendations
Core & Main price target lowered to $37 from $40 at Deutsche Bank » 05:36
10/20/22
10/20
05:36
10/20/22
05:36
CNM

Core & Main

$22.14 /

-0.97 (-4.20%)

Deutsche Bank analyst Joe…

Deutsche Bank analyst Joe Ahlersmeyer lowered the firm's price target on Core & Main to $37 from $40 and keeps a Buy rating on the shares. The analyst thinks the Q3 earnings season for building products will be characterized by continued solid earnings results and mostly reaffirmed near-term guidance, but he wouldn't be surprised by "yet another move lower" in estimates for next year. He does not expect this earnings season to "catalyze the sort of deep cuts that would substantiate current prices and depressed multiples." To that end, if earnings season changes little, the stocks are likely to continue to trade cheaply until the most bearish of negative revision scenarios can be taken off the table, which is unlikely to happen until next year, contends Ahlersmeyer.

ShowHide Related Items >><<
CNM Core & Main
$22.14 /

-0.97 (-4.20%)

CNM Core & Main
$22.14 /

-0.97 (-4.20%)

09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
09/14/22 Citi
Core & Main price target raised to $26 from $25 at Citi
CNM Core & Main
$22.14 /

-0.97 (-4.20%)

  • 16
    Sep
  • 06
    Jan
CNM Core & Main
$22.14 /

-0.97 (-4.20%)

Hot Stocks
Core & Main to acquire Distributors, terms not disclosed » 16:22
09/20/22
09/20
16:22
09/20/22
16:22
CNM

Core & Main

$23.36 /

-0.435 (-1.83%)

Core & Main has…

Core & Main has entered into a definitive agreement to acquire substantially all of the assets of Distributors, Inc., a full-service distributor of fire protection products, based in Hawaii. "By consistently meeting and exceeding customer expectations, Distributors, Inc. has established itself as a leader in fire protection services in Hawaii. The extensive knowledge and experience of our combined resources strengthen this position, and this strategic acquisition enables us to continue adding value to their customers," said Steve LeClair, chief executive officer of Core & Main. "Distributors, Inc. is a trusted player in fire protection with a stellar reputation," said Brad Cowles, president of Core & Main. "Their partnership approach to working with customers makes them a good fit for us. I look forward to working with them and continuing our growth together."

ShowHide Related Items >><<
CNM Core & Main
$23.36 /

-0.435 (-1.83%)

CNM Core & Main
$23.36 /

-0.435 (-1.83%)

09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
09/14/22 Citi
Core & Main price target raised to $26 from $25 at Citi
CNM Core & Main
$23.36 /

-0.435 (-1.83%)

  • 16
    Sep
  • 06
    Jan
CNM Core & Main
$23.36 /

-0.435 (-1.83%)

Syndicate
Core & Main 11M share Spot Secondary priced at $23.75 » 08:21
09/16/22
09/16
08:21
09/16/22
08:21
CNM

Core & Main

$25.01 /

+0.235 (+0.95%)

The deal size was…

The deal size was increased to 11M shares from 10M shares and priced at the low-end of the $23.75-$24.25 range. Goldman Sachs acted as sole book running manager for the offering.

ShowHide Related Items >><<
CNM Core & Main
$25.01 /

+0.235 (+0.95%)

CNM Core & Main
$25.01 /

+0.235 (+0.95%)

09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
09/14/22 Citi
Core & Main price target raised to $26 from $25 at Citi
CNM Core & Main
$25.01 /

+0.235 (+0.95%)

  • 16
    Sep
  • 06
    Jan
CNM Core & Main
$25.01 /

+0.235 (+0.95%)

On The Fly
Fly Intel: After-Hours Movers » 18:44
09/15/22
09/15
18:44
09/15/22
18:44
BOWL

Bowlero

$12.52 /

-0.48 (-3.69%)

, AAOI

Applied Optoelectronics

$2.50 /

-0.035 (-1.38%)

, FDX

FedEx

$204.85 /

-0.17 (-0.08%)

, UPS

UPS

$185.05 /

-5.97 (-3.13%)

, LSTR

Landstar System

$145.09 /

-0.35 (-0.24%)

, XPO

XPO Logistics

$49.46 /

-1.72 (-3.36%)

, JBHT

J.B. Hunt

$173.99 /

+1.57 (+0.91%)

, CHRW

C.H. Robinson

$107.83 /

-2.22 (-2.02%)

, CNM

Core & Main

$25.01 /

+0.235 (+0.95%)

, RBLX

Roblox

$43.49 /

-1.71 (-3.78%)

Check out this evening's…

ShowHide Related Items >><<
XPO XPO Logistics
$49.46 /

-1.72 (-3.36%)

UPS UPS
$185.05 /

-5.97 (-3.13%)

RBLX Roblox
$43.49 /

-1.71 (-3.78%)

LSTR Landstar System
$145.09 /

-0.35 (-0.24%)

JBHT J.B. Hunt
$173.99 /

+1.57 (+0.91%)

FDX FedEx
$204.85 /

-0.17 (-0.08%)

CNM Core & Main
$25.01 /

+0.235 (+0.95%)

CHRW C.H. Robinson
$107.83 /

-2.22 (-2.02%)

BOWL Bowlero
$12.52 /

-0.48 (-3.69%)

AAOI Applied Optoelectronics
$2.50 /

-0.035 (-1.38%)

BOWL Bowlero
$12.52 /

-0.48 (-3.69%)

08/30/22 JPMorgan
JPMorgan starts Bowlero at Overweight on 'economically-attractive' industry
08/30/22 JPMorgan
Bowlero initiated with an Overweight at JPMorgan
02/16/22 Noble Capital
Bowlero initiated with an Outperform at Noble Capital
10/12/21 MKM Partners
MKM starts Isos Acquisition with Buy ahead of Bowlero merger
AAOI Applied Optoelectronics
$2.50 /

-0.035 (-1.38%)

08/05/22 B. Riley
Applied Optoelectronics price target lowered to $2.80 from $3.20 at B. Riley
05/06/22 B. Riley
Applied Optoelectronics price target lowered to $3.20 from $4.70 at B. Riley
02/25/22 B. Riley
Applied Optoelectronics price target lowered to $4.70 from $6.50 at B. Riley
02/25/22 Craig-Hallum
Applied Optoelectronics downgraded to Sell from Hold at Craig-Hallum
FDX FedEx
$204.85 /

-0.17 (-0.08%)

09/08/22 Wells Fargo
FedEx price target lowered to $269 from $282 at Wells Fargo
09/07/22 Morgan Stanley
FedEx price target lowered to $250 from $255 at Morgan Stanley
09/07/22 UBS
FedEx price target lowered to $308 from $312 at UBS
09/06/22 Citi
Citi opens 'negative catalyst watch' on Norfolk Southern
UPS UPS
$185.05 /

-5.97 (-3.13%)

08/22/22 Evercore ISI
UPS downgraded to In Line from Outperform at Evercore ISI
07/27/22 Wells Fargo
UPS price target lowered to $223 from $270 at Wells Fargo
07/27/22 Raymond James
UPS price target lowered to $220 from $225 at Raymond James
07/27/22 Barclays
UPS price target lowered to $200 from $220 at Barclays
LSTR Landstar System
$145.09 /

-0.35 (-0.24%)

08/31/22 Benchmark
Landstar System initiated with a Hold at Benchmark
07/22/22 Stifel
Landstar System miss due to 'over-cooked expectations,' says Stifel
07/22/22 Susquehanna
Landstar System price target lowered to $153 from $155 at Susquehanna
07/12/22 Evercore ISI
Landstar System price target lowered to $161 from $173 at Evercore ISI
XPO XPO Logistics
$49.46 /

-1.72 (-3.36%)

08/09/22 Raymond James
XPO Logistics price target raised to $80 from $70 at Raymond James
08/08/22 Citi
XPO Logistics price target raised to $75 from $70 at Citi
07/15/22 Raymond James
XPO Logistics price target lowered to $70 from $90 at Raymond James
07/12/22 Evercore ISI
XPO Logistics price target lowered to $67 from $83 at Evercore ISI
JBHT J.B. Hunt
$173.99 /

+1.57 (+0.91%)

07/20/22 Stifel
J.B. Hunt price target raised to $185 from $184 at Stifel
07/20/22 Cowen
J.B. Hunt price target raised to $193 from $188 at Cowen
07/20/22 Raymond James
J.B. Hunt price target raised to $200 from $190 at Raymond James
07/20/22 Wells Fargo
J.B. Hunt price target raised to $196 from $183 at Wells Fargo
CHRW C.H. Robinson
$107.83 /

-2.22 (-2.02%)

08/22/22 Evercore ISI
C.H. Robinson added to Tactical Outperform list at Evercore ISI
08/17/22 Vertical Research
C.H. Robinson downgraded to Sell from Hold at Vertical Research
07/28/22 Stifel
C.H. Robinson price target raised to $123 from $117 at Stifel
07/28/22 Citi
C.H. Robinson price target raised to $123 from $113 at Citi
CNM Core & Main
$25.01 /

+0.235 (+0.95%)

09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
09/14/22 Citi
Core & Main price target raised to $26 from $25 at Citi
RBLX Roblox
$43.49 /

-1.71 (-3.78%)

09/13/22 Morgan Stanley
Roblox will face challenges executing on ads opportunity, says Morgan Stanley
09/12/22 Cowen
Roblox initiated with an Underperform at Cowen
08/16/22 Wolfe Research
Roblox initiated with a Peer Perform at Wolfe Research
08/12/22 Deutsche Bank
Roblox price target raised to $52 from $45 at Deutsche Bank
XPO XPO Logistics
$49.46 /

-1.72 (-3.36%)

UPS UPS
$185.05 /

-5.97 (-3.13%)

RBLX Roblox
$43.49 /

-1.71 (-3.78%)

LSTR Landstar System
$145.09 /

-0.35 (-0.24%)

JBHT J.B. Hunt
$173.99 /

+1.57 (+0.91%)

FDX FedEx
$204.85 /

-0.17 (-0.08%)

CNM Core & Main
$25.01 /

+0.235 (+0.95%)

CHRW C.H. Robinson
$107.83 /

-2.22 (-2.02%)

BOWL Bowlero
$12.52 /

-0.48 (-3.69%)

AAOI Applied Optoelectronics
$2.50 /

-0.035 (-1.38%)

  • 16
    Sep
  • 06
    Jan
UPS UPS
$185.05 /

-5.97 (-3.13%)

RBLX Roblox
$43.49 /

-1.71 (-3.78%)

FDX FedEx
$204.85 /

-0.17 (-0.08%)

CHRW C.H. Robinson
$107.83 /

-2.22 (-2.02%)

XPO XPO Logistics
$49.46 /

-1.72 (-3.36%)

UPS UPS
$185.05 /

-5.97 (-3.13%)

RBLX Roblox
$43.49 /

-1.71 (-3.78%)

LSTR Landstar System
$145.09 /

-0.35 (-0.24%)

JBHT J.B. Hunt
$173.99 /

+1.57 (+0.91%)

FDX FedEx
$204.85 /

-0.17 (-0.08%)

CNM Core & Main
$25.01 /

+0.235 (+0.95%)

BOWL Bowlero
$12.52 /

-0.48 (-3.69%)

XPO XPO Logistics
$49.46 /

-1.72 (-3.36%)

UPS UPS
$185.05 /

-5.97 (-3.13%)

RBLX Roblox
$43.49 /

-1.71 (-3.78%)

JBHT J.B. Hunt
$173.99 /

+1.57 (+0.91%)

FDX FedEx
$204.85 /

-0.17 (-0.08%)

BOWL Bowlero
$12.52 /

-0.48 (-3.69%)

Syndicate
Core & Main files to sell 10M shares of Class A common stock for holders » 16:27
09/15/22
09/15
16:27
09/15/22
16:27
CNM

Core & Main

$25.01 /

+0.235 (+0.95%)

Core & Main announced…

Core & Main announced the launch of an underwritten secondary public offering of 10M shares of its Class A common stock by certain selling stockholders. Goldman Sachs & Co. is acting as the sole underwriter for the offering.

ShowHide Related Items >><<
CNM Core & Main
$25.01 /

+0.235 (+0.95%)

CNM Core & Main
$25.01 /

+0.235 (+0.95%)

09/15/22 RBC Capital
Core & Main price target raised to $27 from $25 at RBC Capital
09/14/22 Truist
Core & Main price target raised to $28 from $25 at Truist
09/14/22 Baird
Core & Main price target raised to $30 from $27 at Baird
09/14/22 Citi
Core & Main price target raised to $26 from $25 at Citi
CNM Core & Main
$25.01 /

+0.235 (+0.95%)

  • 06
    Jan
CNM Core & Main
$25.01 /

+0.235 (+0.95%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.