Maxim lowered the firm’s price target on Star Equity (STRR) to $5 from $8 but keeps a Buy rating on the shares. The company reported Q1 results with revenue and EBITDA below forecast due to modular construction delays, though a strong 62% sequential increase in backlog and gross profit margin was above the firm’s estimate, the analyst tells investors in a research note. Maxim adds that Star Equity continues to expect “significantly improved financial results” in 2025.
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