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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECG: