As previously reported, Guggenheim analyst Joseph Osha upgraded Everus Construction (ECG) to Buy from Neutral with a $160 price target ahead of Everus’ Q1 earnings report. Following the announced acquisition of SE&M earlier this month and the firm’s recent end-of-quarter management check-in, the firm came away encouraged by management’s margin improvement execution and M&A readiness, the analyst tells investors.
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Read More on ECG:
- Everus Construction upgraded to Buy from Neutral at Guggenheim
- Everus Construction initiated with a Hold at GLJ Research
- Everus Construction price target raised to $153 from $144 at Stifel
- Everus Completes First Acquisition, Expands Southeast MEP Presence
- Everus Construction acquires SE&M Constructors for $158M