Tutor Perini’s (TPC) 2025 guidance reflects several higher-margin project awards that, combined with a reduction in marginally profitable business, should significantly improve the business’ profit margin and earnings profile, B. Riley tells investors in a research note after assuming coverage of the name. The firm says Tutor Perini’s balance sheet is in “excellent” shape. B. Riley has a Buy rating and $40 price target on the shares.
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