MYR Group price target raised to $262 from $237 at Stifel

Stifel raised the firm’s price target on MYR Group (MYRG) to $262 from $237 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.