Why Investors Bailed on Core & Main Stock This Week
CNMCore & Main(CNM) The Motley Fool·2024-09-07 05:06

Analysts cut their price targets on the company in the wake of its disappointing quarter.It wasn't shaping up to be a good stretch of days for Core & Main (CNM 0.13%) shareholders. In the abbreviated trading week, the specialized industrial company's stock tumbled by almost 21%, according to data compiled by S&P Global Market Intelligence. The major news from the company during the period wasn't very encouraging, after all. Nor was the resulting clutch of analyst price target reductions. A quarter to forget ...