Willdan Group price target raised to $85 from $56 at Wedbush

Wedbush raised the firm’s price target on Willdan Group (WLDN) to $85 from $56 and keeps an Outperform rating on the shares, reflecting incremental confidence in the company’s growth story with its broader service offerings gaining more traction. With grid modernization efforts accelerating across the state and municipal levels to enhance energy capacity and resilience, Willdan’s core businesses remain critical to the market by helping clients solve infrastructure issues and address energy demand issues while generating more reliable grids for disasters, load increases and unexpected outages, the firm says. Based on its recent checks, the company continues to see stable deal flow across all its customer groups.