Goldman Sachs Maintains a Neutral rating on Core & Main, Inc. (CNM)

Core & Main, Inc. (NYSE:CNM) is one of the 10 Best Fundamentally Strong Stocks to Buy for Long Term.

On June 12, Goldman Sachs raised its price target for Core & Main, Inc. (NYSE:CNM) from $23 to $24. Analyst Joe Ritchie maintained a “Neutral” rating on the stock.

The increase comes after the company beat first-quarter EBITDA because of a modest jump in both sales and profit margins. Goldman pointed out that pricing remained constant during the quarter, as lower PVC prices were successfully offset by price increases across other commodities.

Core & Main (NYSE:CNM) confirmed that it is sticking to its original financial goals for 2026. The firm forecasted total sales between $7.8 billion and $7.9 billion with a 2% to 3% growth from the previous year. It sees an adjusted EBITDA of $950 million to $980 million and an adjusted EBITDA margin of 12.2% to 12.4%, and operating cash flow equal to 60% to 70% of adjusted EBITDA.

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CEO Mark Witkowski said the company’s focus is on executing growth plans, expanding margins, and helping customers on complex infrastructure projects while creating long-term shareholder value.

Core & Main, Inc. (NYSE:CNM) works in the distribution of water, wastewater, storm drainage, and fire protection products and related services in the United States.

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