Everus Construction price target raised to $68 from $58 at DA Davidson

DA Davidson raised the firm’s price target on Everus Construction (ECG) to $68 from $58 and keeps a Neutral rating on the shares. Shares have sharply recovered on a solid Q1 report and amid increased confidence around the durability of the company’s demand drivers, the analyst tells investors in a research note. The firm adds that the unchanged 2025 guidance looks very conservative, even though this view seems somewhat reflected in recent performance.