KeyBanc raised the firm’s price target on Solv Energy (MWH) to $50 from $36 and keeps an Overweight rating on the shares. The firm notes the company reported a very strong margin quarter and guided overall GP and EBITDA higher to more than cover for the Q1 beat. It was also a strong bookings quarter for Solv Energy. Overall, KeyBanc thinks demand conditions remain healthy.
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 MWH: