• Citigroup maintains a Neutral rating for Core & Main Inc (NYSE: CNM), with a price target increase from $54 to $56.
• Core & Main reported earnings of 89 cents per share, surpassing analyst expectations, with quarterly sales of $2.062 billion.
• The company has seen notable growth in fusible high-density polyethylene, treatment plant solutions, and geosynthetics products.

Core & Main Inc (NYSE: CNM) is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States. The company serves municipalities, private water companies, and professional contractors. As of December 10, 2025, Citigroup maintained a Neutral rating for CNM, advising investors to hold the stock. At that time, CNM's stock price was $53.31.

Citigroup's decision to maintain a Neutral rating comes despite Core & Main's strong third-quarter earnings. The company reported earnings of 89 cents per share, surpassing the analyst consensus of 76 cents per share. However, quarterly sales of $2.062 billion slightly missed the expected $2.066 billion. Despite this, Core & Main has kept its full-year 2025 sales guidance between $7.6 billion and $7.7 billion.

Citi raised its price target for CNM from $54 to $56, as highlighted by TheFly. This adjustment reflects confidence in the company's growth potential, driven by acquisitions and robust sales initiatives. CEO Mark Witkowski emphasized positive net sales growth, even amid soft residential demand and challenging comparisons from the previous year.

Core & Main has seen notable growth in specific product areas. The company experienced double-digit growth in fusible high-density polyethylene, treatment plant solutions, and geosynthetics products. Additionally, metering products saw high single-digit growth, fueled by strong demand for integrated solutions addressing aging water infrastructure.

Currently, CNM's stock is priced at $54.92, marking a 6.52% increase or $3.36. The stock has fluctuated between $51.91 and $54.94 today. Over the past year, CNM reached a high of $67.18 and a low of $43.18. The company's market capitalization is approximately $10.43 billion, with a trading volume of 3,272,071 shares on the NYSE.