DA Davidson analyst Brent Thielman lowered the firm’s price target on Southland Holdings (SLND) to $4 from $6 and keeps a Neutral rating on the shares after its wider than expected Q3 earnings loss. Despite the “great market environment” right now, the firm is still waiting to see more consistent results and reduced legacy burden on performance at Southland, adding that the higher financing costs and overall available liquidity also stress the need for flawless execution on ramping new work going forward, the analyst tells investors in a research note.
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