Construction Partners price target raised to $67 from $61 at Stifel

Stifel raised the firm’s price target on Construction Partners to $67 from $61 and keeps a Buy rating on the shares. Construction Partners reported an “impressive” Q3, beating on the top and bottom line and raising FY24 guidance, amid a “robust” demand environment and ability to dodge weather headwinds that many construction materials companies have faced, the analyst tells investors in a research note.