MYR Group price target raised to $185 from $168 at Stifel

Stifel analyst Brian Brophy raised the firm’s price target on MYR Group to $185 from $168 and keeps a Buy rating on the shares after Q4 revenue came in above expectations and EBITDA also beat. Despite as lower T&D backlog, the firm remains optimistic on the outlook, the analyst tells investors in a post-earnings note.