Everus Construction price target raised to $90 from $77 at Oppenheimer

Oppenheimer analyst Ian Zaffino raised the firm’s price target on Everus Construction (ECG) to $90 from $77 and keeps an Outperform rating on the shares. The firm believes “robust” data center activity and a recovering hospitality market will drive Everus’ growth in the near- and long-term. The company’s $3B backlog bring visibility into fiscal 2026, the analyst tells investors in a research note.