Texas Capital analyst Alexander Rygiel initiated coverage of Tutor Perini (TPC) with a Buy rating and $85 price target Decades of experience, along with its broad relationships with transit authorities and developers, position the company well for growth, the analyst tells investors in a research note. Tutor Perini has also dramatically improved its balance sheet profile, which should be the foundation for growth ahead, and the bulk of the company’s material legacy disputes and litigation is in the past, the firm added.
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