Granite Construction (GVA) has disclosed a new risk, in the Accounting & Financial Operations category.
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Granite Construction carries substantial goodwill and identifiable intangible assets, which are subject to annual and event-driven impairment testing. If adverse market conditions or project-specific issues reduce the fair value of these assets below their carrying amounts, the resulting non-cash impairment charges could materially pressure its earnings and overall financial condition.
The average GVA stock price target is $139.50, implying 6.55% upside potential.
To learn more about Granite Construction’s risk factors, click here.