BofA analyst Sherif El-Sabbahy lowered the firm’s price target on Bowman Consulting (BWMN) to $30.50 from $36.50 and keeps a Buy rating on the shares after the company reported better-than-expected Q4 adjusted EBITDA and raised its 2025 outlook. While the firm raised its 2025 adjusted EBITDA estimate 2% to $73M on the updated outlook, it lowered its multiple and price target to account for greater uncertainty in construction markets.
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