Raymond James Maintains Strong Buy Rating for Construction Partners: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has reaffirmed its Strong Buy rating on Construction Partners (NASDAQ:ROAD) and increased its price target from $45.00 to $49.00. Construction Partners' shares are currently trading at $42.04, and the new price target suggests a potential upside of 16.56%. The company specializes in infrastructure and road construction, providing services and products for various construction projects.
December 01, 2023 | 5:00 pm
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Raymond James maintains a Strong Buy rating on Construction Partners and raises the price target to $49, indicating a potential 16.56% increase from the current price.
The reaffirmation of a Strong Buy rating and an increased price target by a reputable analyst firm like Raymond James typically instills confidence in investors and can lead to a short-term positive impact on the stock price. The specific mention of the company and the significant potential upside based on the new price target are likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100