Stifel Maintains Buy on MYR Group, Lowers Price Target to $184
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott maintains a Buy rating on MYR Group (NASDAQ:MYRG) but lowers the price target from $185 to $184.
April 16, 2024 | 12:26 pm
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Stifel maintains a Buy rating on MYR Group but lowers the price target from $185 to $184.
The adjustment in price target by Stifel reflects a minor revision in valuation expectations for MYR Group, likely due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a positive outlook on the company's fundamentals and potential for growth. The slight decrease in price target may have a neutral to slightly negative short-term impact on the stock price as it reflects a minor adjustment rather than a significant change in company outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100