Everus Construction price target raised to $71 from $55 at Stifel

Stifel raised the firm’s price target on Everus Construction (ECG) to $71 from $55 and keeps a Buy rating on the shares after Q1 results were meaningfully above expectations. Given the strength of the backlog and implied flat revenue for the remainder of the year at the mid-point of guidance, the firm says it “would not be surprised” if buy-side expectations rise above the high-end of the current 2025 guidance, the analyst tells investors.