Baird Maintains Outperform on MYR Group, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Justin Hauke maintains an Outperform rating on MYR Group (NASDAQ:MYRG) and lowers the price target from $185 to $180.
May 02, 2024 | 10:57 am
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Baird analyst Justin Hauke reaffirmed an Outperform rating on MYR Group, but reduced the price target from $185 to $180.
The adjustment in price target by Baird, while maintaining an Outperform rating, suggests a continued positive outlook on MYR Group but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the slight reduction in the price target against the backdrop of ongoing bullish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100