Tutor Perini price target raised to $50 from $40 at B. Riley

B. Riley raised the firm’s price target on Tutor Perini (TPC) to $50 from $40 and keeps a Buy rating on the shares. Tutor Perini is an attractive heavy civil infrastructure investment and an “excellent” value based on its record backlog, improving growth outlook, growing operating margins, and strengthening balance sheet, the analyst tells investors in a research note. The firm expects the profitability profile of the company to improve through the balance of 2025, with continued operating profit growth in 2026.