Oppenheimer raised the firm’s price target on Everus Construction (ECG) to $105 from $90 and keeps an Outperform rating on the shares. Driven by higher-than-anticipated growth and margin expansion at E&M/T&D, Everus’ Q3 EBITDA of $89M beat its/Street’s $54M/$55M estimates. Given the strong business execution/momentum and elevated backlog, management raised FY25 guidance.
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