Stifel Reinstates Buy on MYR Group, Announces $144 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has reinstated MYR Group (NASDAQ:MYRG) with a Buy rating and set a price target of $144. This suggests a positive outlook for the company's stock.
November 16, 2023 | 5:41 pm
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POSITIVE IMPACT
Stifel analyst Stanley Elliott reinstated MYR Group with a Buy rating and a price target of $144, indicating a positive future performance expectation for the stock.
The reinstatement of a Buy rating by a reputable analyst like Stanley Elliott, coupled with a significant price target of $144, is likely to instill confidence in investors and could lead to a short-term increase in the stock price of MYR Group. The specific mention of the company and the clear price target provide a strong signal to the market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100