DA Davidson Downgrades Sterling Infrastructure to Neutral, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Brent Thielman downgraded Sterling Infrastructure (STRL) from Buy to Neutral but raised the price target from $86 to $115.

February 28, 2024 | 11:48 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Sterling Infrastructure was downgraded from Buy to Neutral by DA Davidson, though its price target was increased from $86 to $115.
The downgrade to Neutral suggests a cautious outlook on Sterling Infrastructure's stock by DA Davidson, potentially due to perceived limited upside or increased risks. However, the increase in the price target to $115 indicates a positive revision of the company's future financial performance or market position. This mixed signal could lead to short-term uncertainty among investors, balancing out potential positive and negative impacts on the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90