Baird analyst Andrew Wittmann raised the firm’s price target on Construction Partners to $46 from $42 and keeps an Outperform rating on the shares. The firm reduced its conviction and said its lower conviction rests solely on valuation, with 4Qresults coming in above the high-end of positively pre-released figures and F2024 and F2027 “Road Map” guidance/outlook unchanged.
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Read More on ROAD:
- Construction Partners, Inc. Announces Fiscal 2023 Fourth Quarter and Year-End Results
- Construction Partners sees FY24 revenue $1.750B-$1.825B, consensus $1.77B
- Construction Partners reports Q4 EPS 59c, consensus 52c
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