Raymond James downgraded North American Construction (NOA) to Outperform from Strong Buy with a C$40 price target The firm cites the company’s “poor safety ranking” for the downgrade. Even so, the stock’s valuation remains unfairly discounted “with NACG’s 2024 trials and tribulations in the rearview,” the analyst tells investors in a research note.
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Read More on NOA:
- North American Construction Group Announces Q1 2025 Results Release and Conference Call
- NOA Earnings this Week: How Will it Perform?
- North American Construction price target lowered to C$37 from C$38 at CIBC
- North American Construction Group Schedules Annual Shareholder Meeting for May 2025
- North American Construction Reports Record Revenue Amid Challenges
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