DA Davidson initiated coverage of Cardinal Infrastructure (CDNL) with a Buy rating and $30 price target The company’s attractive relative margins to the industry peer group and what should be solid runway to replicate its strategy into new localities “offers appeal”, the analyst tells investors in a research note. With ongoing execution and potentially M&A, the firm sees opportunities for share price appreciation, DA Davidson added.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDNL:
- Cardinal Infrastructure initiated with a Buy at DA Davidson
- Cardinal Infrastructure initiated with an Outperform at William Blair
- Cardinal Infrastructure initiated with a Buy at Stifel
- Cardinal Infrastructure Group: Buy Rated on Integrated Growth Model, Margin Upside, and Southeastern Expansion Potential
- Cardinal Infrastructure Group Expands with Red Clay Acquisition