DA Davidson analyst Brent Thielman raised the firm’s price target on Everus Construction (ECG) to $88 from $68 and keeps a Neutral rating on the shares after its Q2 earnings beat and guidance raise. The company is clearly benefiting from favorable secular drivers and other steady market themes while its multiples are within the range of comparable peers, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECG: