As previously reported, Kansas City Capital analyst Jon Braatz downgraded MYR Group (MYRG) to Perform from Outperform and removed the firm’s prior 12-18-month price target After a “wow” quarter for MYR Group with results that came in well ahead of expectations, the firm sees the company being well positioned to support not only the energy transition but the increasing demand for electricity, but notes that the share price has more than doubled in 2026 and cites the current valuation for its downgrade.
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