Goldman Sachs Maintains Buy on MYR Group, Lowers Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ati Modak maintains a Buy rating on MYR Group (NASDAQ:MYRG) but lowers the price target from $182 to $124.
September 19, 2024 | 5:05 pm
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Goldman Sachs has maintained its Buy rating on MYR Group but has significantly lowered the price target from $182 to $124, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in MYR Group's prospects, but the significant reduction in the price target indicates a more cautious outlook, likely due to revised expectations or market conditions. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100