Roth Capital analyst Philip Shen raised the firm’s price target on Solv Energy (MWH) to $55 from $35 and keeps a Buy rating on the shares. The company delivered a strong Q1 with bookings of about $877M for a 1.3x book-to-bill, the analyst tells investors in a research note, adding that the firm expects the company to continue to do well vs. peers given its Tier 1 status.
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