Willdan Group price target raised to $125 from $112 at Clear Street

Clear Street raised the firm’s price target on Willdan Group (WLDN) to $125 from $112 and keeps a Buy rating on the shares. The firm says the company is benefitting from energy infrastructure and energy efficiency. It upped Willdan’s estimates to reflect expectations for gross margin expansion and the recently announced acquisition of Compass Municipal Advisors. The shares deserve a higher multiple due to Willdan’s secular power grid load growth exposure and new contract wins momentum, the analyst tells investors in a research note.