B. Riley raised the firm’s price target on Bowman Consulting (BWMN) to $43 from $33 and keeps a Buy rating on the shares. The firm says Bowman is its best idea coming out of its May investor conference. The company has realized the benefits of scale, which is reflect in its strong backlog growth, the analyst tells investors in a research note. Riley expects Bowman to report a seasonally strong Q2.
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