Roth MKM lowered the firm’s price target on NV5 Global to $121 from $136 but keeps a Buy rating on the shares. The company’s Q3 results were in line and the funding environment remains robust for infrastructure upgrades over the coming decade, with NV5 well positioned to participate, the analyst tells investors in a research note. Current project delays and commercial sector headwinds may keep shares anchored over the near term, but there is potential for meaningful growth and margin expansion for NV5, the firm added.
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