Oppenheimer raised the firm’s price target on Everus Construction (ECG) to $77 from $60 and keeps an Outperform rating on the shares. Underlying fundamentals remain solid, and then firm believes the momentum seen in Q1 2025 continued into Q2 2025. The commercial/industrial submarkets appear to have been particularly strong, driven by data center activity. Fundamentals also remain healthy in T&D, driven by grid hardening activity. However, unfavorable weather that hurt Q1 continued in Q2, Oppenheimer adds.
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