MYR Group shares are trading lower after the company reported worse-than-expected Q2 financial results. Also, Baird maintained an Outperform rating on the stock but lowered its price target from $170 to $143.
Portfolio Pulse from Benzinga Newsdesk
MYR Group shares are trading lower after the company reported worse-than-expected Q2 financial results. Baird maintained an Outperform rating on the stock but lowered its price target from $170 to $143.

August 01, 2024 | 2:43 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
MYR Group shares are trading lower due to worse-than-expected Q2 financial results. Baird maintained an Outperform rating but lowered its price target from $170 to $143.
The company's worse-than-expected Q2 financial results are likely to negatively impact investor sentiment in the short term. Although Baird maintained an Outperform rating, the lowered price target from $170 to $143 indicates reduced confidence in the stock's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100