Goldman Sachs maintained a Neutral rating on Core & Main and raised its price target from $23 to $24. The firm cited the company's first-quarter EBITDA beat, driven by modest increases in sales and profit margins, with stable pricing as lower PVC costs were offset by price hikes in other commodities. Core & Main reaffirmed its 2026 financial targets, projecting total sales between $7.8 billion and $7.9 billion, adjusted EBITDA of $950 million to $980 million, and an adjusted EBITDA margin of 12.2% to 12.4%. CEO Mark Witkowski emphasized the company's focus on growth, margin expansion, and supporting complex infrastructure projects.
Core & Main IncGoldman Sachs raised price target and cited EBITDA beat, reaffirmed targets.