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.
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 SLND:
- Southland Holdings price target lowered to $5 from $9 at Craig-Hallum
- Southland Holdings reports Q3 adjusted EPS ($1.14), consensus (9c)
- Is SLND a Buy, Before Earnings?
- Southland Holdings Secures $160M for Growth and Debt Refinancing
- Aecon Group executes contract with City of Winnipeg for sewage plant upgrade