Everus Construction price target lowered to $107 from $110 at Stifel

Stifel lowered the firm’s price target on Everus Construction (ECG) to $107 from $110 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.