Deutsche Bank Aktiengesellschaft Lowers Core & Main Price Target to $40.00

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Core & Main ($NYSE:CNM) is an American-based company that serves as a leading distributor of water, sewer, storm drain, and fire protection infrastructure products. It is a publicly traded company listed on the New York Stock Exchange under the ticker symbol CORE. The company has operations across the United States and provides its customers with the best product selection, competitive prices, and superior service. On Tuesday, Deutsche Bank Aktiengesellschaft released a note to investors stating that they have lowered their price target for Core & Main from $41.00 to $40.00. According to the note, the lowered price target reflects the potential for a slowdown in the growth of the company. This could be attributed to the prolonged effects of the pandemic on its customer base as well as other factors.

Additionally, Deutsche Bank Aktiengesellschaft believes that Core & Main’s current valuation is already factoring in a slow recovery in the industry. In an interview with Bloomberg, analyst Jack Curran stated that he believes Core & Main will recover from the pandemic-induced slowdown and continue to grow in the future. He also noted that the company has a strong balance sheet, which puts it in a good position to benefit from potential opportunities. Overall, despite Deutsche Bank Aktiengesellschaft lowering their price target for Core & Main, analysts believe that this does not reflect the company’s long-term prospects. While there may be some short-term volatility in its share price, Core & Main is well-positioned to benefit from potential opportunities in the future.

Market Price

This announcement sent the stock of Core & Main on a downward trend, as it opened at $21.7 and closed at $21.5, down 0.6% from its previous closing price of 21.6. Core & Main also provides engineering, design, installation and maintenance services related to these products. The recent price target decrease is an indication of the uncertain state of the market and the potential risks that Core & Main may face in the future.

While many analysts are still bullish on the company, it is important to note that the stock has seen a significant decline over the past few months. Despite this, Core & Main still remains an attractive investment for many investors due to its strong position in the market and its potential for growth in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CNM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CNM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CNM. More…

Key Ratios Snapshot

Some of the financial key ratios for CNM are shown below. More…

VI Analysis

CORE & MAIN is a company whose fundamental performance reflects its long-term potential. The VI App provides easy access to the company’s financial and business risk rating, which is considered to be a medium risk investment. The app also detects two risk warnings in the balance sheet, which are non-financial in nature. The financial risk rating of the company is based on an analysis of its current financial situation, as well as its potential for future growth. This includes analyzing factors such as its debt-to-equity ratio, liquidity, and profitability. The business risk rating is based on factors such as customer satisfaction, market share, and brand recognition. The app also provides important non-financial risk warnings, which are related to the company’s operations and structure. These may include legal liabilities, environmental concerns, corporate governance issues, and more. By registering on the VI App, investors can access more detailed information about these risk warnings. Overall, CORE & MAIN is a company that looks promising in terms of long-term potential. Investing in the company can be done with confidence thanks to the VI App’s comprehensive analysis and risk ratings. With this information, investors can make informed decisions about their investments and maximize their returns. More…

VI Peers

The competitive landscape in the water supply and sewerage construction sector is heating up with Core & Main Inc vying for dominance against its rivals DXP Enterprises Inc, Reece Ltd, and Water Supply Sewerage Construction and Investment JSC. All four companies are engaged in a fierce battle to secure the top spot, with each striving to deliver the best products and services to their customers.

– DXP Enterprises Inc ($NASDAQ:DXPE)

DDD Enterprises Inc is a leading multinational company that specializes in the production and distribution of industrial products. With a market cap of 486.01M as of 2022 and a Return on Equity of 12.81%, the company is well-positioned to remain a formidable player in the industry. The market cap of DDD Enterprises Inc reflects its size, financial strength and market presence, and the high ROE indicates that the company is able to generate good returns on the capital it invests. DDD Enterprises Inc is committed to providing innovative solutions to its customers, and its strong market position makes it an attractive partner for investors.

– Reece Ltd ($ASX:REH)

Reece Ltd is an Australian distributor of plumbing and bathroom products. The company has a market cap of 9.46B as of 2022, which indicates its strong presence in the market and the trust its customers have in the company. It also has a Return on Equity of 11.05%, which indicates that the company is performing well financially and generating returns for its investors.

Summary

Core & Main is a leading distributor of water, sewer, storm drain, and fire protection products in the United States. Analysts are optimistic about the company’s long-term prospects, citing its strong market position and its ability to capitalize on the growing demand for infrastructure. Investors should consider the stock as an attractive entry point for those looking to invest in essential infrastructure projects.