As previously reported, Wolfe Research initiated coverage of Everus Construction Group (ECG), which was spun-out from MDU Resources (MDU), with a Peer Perform rating and no price target. The specialty contractor is well positioned to capitalize on secular infrastructure tailwinds such as data centers, but with shares up about 21% post spin, the firm is waiting for a more attractive entry point, the analyst tells investors.
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Read More on ECG:
- Everus initiated with a Peer Perform at Wolfe Research
- Stifel Says Now Could Be a Good Time to Buy Construction Stocks; Here Are 2 Names to Consider
- Everus initiated with a Buy at Stifel
- Everus reports Q3 EPS 82c vs. 71c last year
- Everus sees FY24 revenue $2.65B-$2.85B
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
