MYR Group shares are trading higher after the company reported better-than-expected Q3 EPS results. Also, Baird maintained an Outperform rating on the stock and raised its price target from $131 to $138.
Portfolio Pulse from Benzinga Newsdesk
MYR Group shares rose following a strong Q3 EPS report and a positive analyst rating from Baird, which increased its price target from $131 to $138.
October 31, 2024 | 6:53 pm
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POSITIVE IMPACT
MYR Group's stock price increased due to better-than-expected Q3 EPS results. Baird maintained an Outperform rating and raised the price target from $131 to $138, indicating confidence in the company's performance.
The positive Q3 EPS results directly contributed to the stock price increase. Baird's maintained Outperform rating and raised price target further support a positive outlook, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100