Raymond James Maintains Strong Buy Rating for Construction Partners: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Strong Buy rating for Construction Partners (NASDAQ:ROAD) and increased its price target from $36.00 to $38.00. The shares of Construction Partners are currently trading up 1.85% over the last 24 hours, at $33.50 per share. A move to $38.00 would account for a 13.43% increase from the current share price.

August 04, 2023 | 2:01 pm
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Raymond James has maintained its Strong Buy rating for Construction Partners and raised its price target. This could potentially lead to an increase in the company's share price.
Analyst ratings and price targets can significantly influence investor sentiment and trading behavior. In this case, Raymond James, a reputable financial institution, has maintained a Strong Buy rating for Construction Partners and raised its price target. This suggests that they believe the company's stock is undervalued at its current price and has the potential for significant growth. As a result, this news could lead to increased buying pressure for the stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100