UBS analyst Jon Windham raised the firm’s price target on Ameresco (AMRC) to $11 from $8 and keeps a Sell rating on the shares. The price target increase is driven by a moderately more positive outlook for Ameresco’s federal contracting business, which represents about 30% of the company’s total project backlog, the analyst tells investors in a research note. UBS remains cautious as the firm awaits further clarity on tariff impacts to U.S. project economics and the re-scoping of federal contracts.
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