Core & Main Inc. Reaches New 12‑Month High Amid Analyst Upgrades

Core & Main Inc. (NYSE: CNM) closed at $66.89 on Friday, September 7, 2025, setting a new 12‑month high. The gain follows a series of positive analyst actions that have lifted the stock’s price target and rating outlook.

Analyst Activity

  • JPMorgan Chase & Co. increased its price target from $56.00 to $64.00 and maintains an overweight rating.
  • Citigroup raised its target from $56.00 to $62.00 and assigned a neutral rating.
  • Royal Bank of Canada lifted its target from $60.00 to $67.00 and gave an outperform rating.
  • Loop Capital reaffirmed a hold rating with a $68.00 target.
  • Wells Fargo & Company boosted its target from $65.00 to $70.00 and gave an overweight rating.

Overall, six research analysts issued a Buy rating, and four issued a Hold rating for CNM.

Trading Highlights

  • The stock traded as high as $66.95 and last closed at $66.89.
  • A volume of 182,195 shares changed hands on the day.
  • The company’s market capitalization stands at $12.96 billion.

Company Context

Core & Main Inc. operates in the Industrials sector and specializes in the distribution of water, wastewater, storm drainage, and fire protection products, along with related services. Its infrastructure solutions target municipalities, private water utilities, and professional contractors across the United States.

The most recent quarterly earnings preview released by Seeking Alpha and Benzinga on September 8, 2025, focuses on the upcoming Q2 2026 results. While the articles provide a preliminary outlook, they do not yet contain finalized financial figures.

Stock Performance Relative to Recent Trend

  • 52‑week high: $67.18 (September 4, 2025)
  • 52‑week low: $37.22 (September 10, 2024)
  • Current close: $66.59 (September 7, 2025)

The current price sits just below the 52‑week peak, indicating a strong upward trajectory in recent weeks.

Financial Snapshot

  • Price‑to‑Earnings Ratio: 31.361
  • Currency: USD
  • Primary Exchange: New York Stock Exchange

The analyst upgrades and the recent trading performance suggest that market participants are optimistic about Core & Main’s near‑term prospects, particularly in the context of growing infrastructure demand in the United States.