Baird lowered the firm’s price target on MYR Group to $143 from $170 and keeps an Outperform rating on the shares. The firm said the charges were significant, resting almost entirely on previously known bad projects and continued pressure not surprising but the magnitude is.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MYRG: