NYSE:CNM - New York Stock Exchange, Inc. - US21874C1027 - Common Stock - Currency: USD
Since July 2024, Core & Main has been in a holding pattern, posting a small return of 3.5% while floating around $51.18. This is close to the S&P 500’s 4.8% gain during that period.
Looking back on infrastructure distributors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including MRC Global (NYSE:MRC) and its peers.
U.S. stocks paused for a breather Tuesday, with major equity indices hovering near the flatline as investors digested global developments, including China’s ban on key raw material exports to the U.S.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Core & Main (NYSE:CNM) and the best and worst performers in the infrastructure distributors industry.
Analysts cut their price targets on the company in the wake of its disappointing quarter.