Texas Capital initiated coverage of Great Lakes Dredge (GLDD) with a Buy rating and $14 price target Great Lakes Dredge is the oldest and largest U.S.-based dredging company and owns and operates about a 200 vessel specialized fleet, the analyst tells investors. The company has strong public sector funding for dredging as well as tailwinds from the private sector for LNG ports and offshore wind projects, the analyst added.
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