Stifel Maintains Buy on Construction Partners, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has reaffirmed a Buy rating on Construction Partners (NASDAQ:ROAD) and increased the price target from $45 to $51, indicating a positive outlook on the company's stock.
December 19, 2023 | 3:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stifel analyst Stanley Elliott maintains a Buy rating on Construction Partners and raises the price target from $45 to $51, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100