MYR Group price target raised to $153 from $138 at Piper Sandler

Piper Sandler raised the firm’s price target on MYR Group (MYRG) to $153 from $138 and keeps a Neutral rating on the shares. The firm says that based on utility capital programs, the transmission capex growth rate could expand from 6% to 15% with upside materializing from recent grid operator recommendations. Piper’s infrastructure services coverage should broadly benefit.