Goldman Sachs Maintains Sell on Granite Construction, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Jerry Revich has maintained a Sell rating on Granite Construction (NYSE:GVA) but increased the price target from $44 to $50. This adjustment suggests a negative outlook on the stock's performance despite the higher price target.

April 16, 2024 | 1:41 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Granite Construction but raises the price target from $44 to $50, indicating a bearish outlook despite the price target increase.
The decision by Goldman Sachs to maintain a Sell rating on GVA while raising the price target suggests a nuanced view. The increase in the price target could reflect an adjustment to market conditions or perceived value, but the Sell rating indicates that the analyst believes the stock will underperform the market or its sector. This mixed signal could lead to short-term volatility in GVA's stock price as investors digest the implications.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100