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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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