DA Davidson raised the firm’s price target on Sterling Infrastructure (STRL) to $460 from $355 and keeps a Buy rating on the shares. Exiting a strong Q3, the firm has raised estimates and price target while incorporating a ‘bridge’ for E-Infrastructure considering the moving pieces of this segment with the CEC closure, the analyst tells investors in a research note. Considerable strength in financial results continues for Sterling, and the firm sees compounded growth in EPS/EBITDA of 20% through 2027, DA Davidson added.
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