William Blair analyst Tim Mulrooney has reiterated their bullish stance on MEG stock, giving a Buy rating on November 7.
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Tim Mulrooney has given his Buy rating due to a combination of factors that highlight Montrose Environmental Group’s strong performance and future potential. The company has effectively achieved its strategic goals for the year, which include robust organic growth, improved profit margins, and enhanced free cash flow, all while simplifying its financial structure. These accomplishments are expected to continue driving the company’s growth into 2026, supported by strong demand in sectors such as energy, mining, and industrials.
Furthermore, Montrose Environmental Group is well-positioned to maintain its momentum, with consistent performance anticipated in the coming year. The company’s trajectory towards achieving positive GAAP earnings per share and its strategic clarity in mergers and acquisitions further bolster confidence in its future prospects. These factors collectively suggest that Montrose Environmental Group’s stock is likely to appreciate in value over the next year, justifying the Buy rating.
Mulrooney covers the Industrials sector, focusing on stocks such as EMCOR Group, WillScot Mobile Mini Holdings, and Comfort Systems. According to TipRanks, Mulrooney has an average return of 9.3% and a 57.61% success rate on recommended stocks.
In another report released on November 7, Barclays also maintained a Buy rating on the stock with a $36.00 price target.