MYR Group price target raised to $311 from $285 at Cantor Fitzgerald

Cantor Fitzgerald analyst Manish Somaiya raised the firm’s price target on MYR Group (MYRG) to $311 from $285 and keeps an Overweight rating on the shares. In discussions with MYR’s leadership team, management emphasized a strategy centered on controlled, repeatable growth and improving risk quality rather than chasing peak-cycle acceleration, the analyst tells investors in a research note.