Everus Construction price target raised to $115 from $97 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Everus Construction (ECG) to $115 from $97 and keeps a Neutral rating on the shares. Following discussions with the company’s CEO and CFO, focus has shifted from demand risk to margin sustainability and cash conversion, with management emphasizing constructive end-market conditions and a continued emphasis on disciplined execution, the analyst tells investors in a research note.