Sterling Infrastructure initiated with an Overweight at KeyBanc

KeyBanc analyst Sangita Jain initiated coverage of Sterling Infrastructure (STRL) with an Overweight rating and $572 price target The firm says Sterling’s “industry-high” margins reflects its pivot to a premier infrastructure services company with exposure to the fastest growing end markets. The company offers early cycle positioning in civil infrastructure work with a track record for delivering large complex projects on time, the analyst tells investors in a research note.