Robert W. Baird Cuts Core & Main (NYSE:CNM) Price Target to $57.00

13 Sep 2026, 05:24 by Kim Johansen · The Markets Daily

Core & Main (NYSE:CNM – Free Report) had its price objective lowered by Robert W. Baird from $66.00 to $57.00 in a research report report published on Thursday morning, MarketBeat reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on CNM. Citigroup dropped their price target on shares of Core & Main from $54.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, June 11th. William Blair began coverage on shares of Core & Main in a research report on Thursday, July 23rd. They set a “market perform” rating on the stock. Wells Fargo & Company dropped their target price on shares of Core & Main from $65.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday. Wall Street Zen cut shares of Core & Main from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $24.00 target price on shares of Core & Main in a research report on Thursday, June 11th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.90.

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Core & Main Stock Down 0.9%

CNM stock opened at $40.50 on Thursday. Core & Main has a 1-year low of $40.41 and a 1-year high of $59.66. The business has a fifty day moving average price of $44.48 and a 200-day moving average price of $47.83. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.47 and a quick ratio of 1.31. The stock has a market capitalization of $7.84 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.40 and a beta of 0.91.

Core & Main (NYSE:CNM – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.91 by $0.03. Core & Main had a return on equity of 25.98% and a net margin of 5.96%.The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company earned $0.87 EPS. Core & Main’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts forecast that Core & Main will post 3 earnings per share for the current fiscal year.

Insider Activity at Core & Main

In related news, Director James Hope acquired 2,067 shares of Core & Main stock in a transaction dated Monday, July 6th. The stock was purchased at an average cost of $46.01 per share, for a total transaction of $95,102.67. Following the purchase, the director directly owned 11,805 shares of the company’s stock, valued at approximately $543,148.05. This trade represents a 21.23% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.51% of the stock is owned by company insiders.

Institutional Trading of Core & Main

Hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in Core & Main by 1.1% during the fourth quarter. Deutsche Bank AG now owns 17,859 shares of the company’s stock valued at $928,000 after buying an additional 190 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Core & Main by 4.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 5,726 shares of the company’s stock worth $283,000 after buying an additional 261 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Core & Main by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock worth $27,000 after buying an additional 269 shares during the period. State of Michigan Retirement System boosted its position in Core & Main by 0.7% during the 1st quarter. State of Michigan Retirement System now owns 45,400 shares of the company’s stock valued at $2,243,000 after acquiring an additional 300 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Core & Main by 47.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 961 shares of the company’s stock valued at $52,000 after acquiring an additional 311 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.

More Core & Main News

Here are the key news stories impacting Core & Main this week:

Positive Sentiment: Core & Main reported second-quarter adjusted earnings of $0.94 per share, above the $0.91 analyst consensus, while revenue increased 2.5% year over year to approximately $2.15 billion. The results indicate continued profitability and modest sales growth. Core & Main Q2 adjusted earnings beat estimates as revenue rises 2.5%
Positive Sentiment: Robert W. Baird maintained an “outperform” rating, with its $57 price target still implying substantial potential upside from current levels, despite reducing the target from $66. Baird lowers Core & Main price target
Neutral Sentiment: Brokerages continue to assign Core & Main a consensus “Moderate Buy” rating, suggesting analysts remain constructive overall, although recent target reductions indicate less confidence in near-term upside. Core & Main receives Moderate Buy consensus
Negative Sentiment: Shares fell to a two-year low amid investor concerns that organic growth is weakening. The market appears to be questioning whether Core & Main can sustain growth beyond acquisitions and favorable comparisons. Core & Main slides on organic growth concerns
Negative Sentiment: Analysts lowered their forecasts following the second-quarter report. Truist cut its target to $45 from $50 and kept a “hold” rating, while Baird reduced its target to $57 from $66. The revisions signal that the earnings beat did not fully offset concerns about the company’s outlook. Truist cuts Core & Main price target

Core & Main Company Profile

(Get Free Report)

Core & Main, Inc (NYSE: CNM) is a specialized distributor of water, wastewater, storm drainage and fire protection products in the United States. The company supplies infrastructure materials used in the construction, maintenance and repair of public and private utility systems.

Its product offerings include ductile iron and PVC pipe, valves, hydrants, water meters, storm drainage systems, pipe fittings, fire protection equipment and related products. Core & Main also provides services such as product sourcing, technical support, fabrication, field assistance and inventory management to help customers complete infrastructure projects.