MYR Group price target raised to $500 from $400 at Clear Street

Clear Street analyst Tim Moore raised the firm’s price target on MYR Group (MYRG) to $500 from $400 and keeps a Buy rating on the shares. MYR has “entered the largest growth cycle in the company’s history,” says the analyst, who argues that the company’s growing backlog and additional phases of projects for recurring customers provides visibility into 2028.