B. Riley raised the firm’s price target on Orion Group (ORN) to $11.50 from $9 and keeps a Buy rating on the shares following the “strong” Q1. The backlog strength with growing, higher-margin revenue, bodes well for the balance of FY25 and FY26, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORN:
- Orion Group Holdings Appoints New CFO Alison Vasquez
- Orion Group CFO Scott Thanisch to depart, Alison Vasquez to succeed
- Orion Group reiterates FY25 revenue guidance $800M-$850M, consensus $822.72M
- Orion Group announces dual listing of common stock on NYSE Texas
- Orion Group Holds Annual Stockholders Meeting