Stifel lowered the firm’s price target on MYR Group to $184 from $185 and keeps a Buy rating on the shares. Following the firm’s Q1 transmission & distribution E&C survey, the firm is incrementally cautious heading into the Q1 print, particularly on MYR, but would be long-term buyers of shares on any weakness related to what it sees as a temporary growth slowdown in MYR’s Transmission and Distribution segment.
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