US21874C1027 - Common Stock
What a brutal six months it’s been for Core & Main. The stock has dropped 31.7% and now trades at $42.36, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
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.
Weaker-than-expected results took some of the momentum out of this big winner.