TD Securities analyst Aaron MacNeil downgraded North American Construction to Hold from Buy with a price target of C$26, up from C$25, calling the rating change "purely a relative valuation call" after the company’s Q4 report and conference call despite estimates that it notes are "at the high-end of management’s guidance range."
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Read More on NOA:
- North American Construction price target raised to C$25 from C$24 at BMO Capital
- North American Construction Group Ltd. Announces Record Results for the Fourth Quarter and Year Ended December 31, 2022
- North American Construction raises quarterly dividend to C$0.10 per share
- North American Construction reports Q4 EPS C$1.10 vs. C$0.59 a year ago
- North American Construction Group Ltd. Fourth Quarter and Year End Results Conference Call and Webcast Notification
