Everus Construction price target raised to $130 from $102 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on Everus Construction (ECG) to $130 from $102 and keeps a Neutral rating on the shares after its Q4 earnings beat. While it’s likely investors are already underwriting higher outcomes for this year, it would seem this is somewhat implicit in the shares today following a “significant” move higher on earnings, the analyst tells investors in a research note.