Roth MKM raised the firm’s price target on NV5 Global to $128 from $121 and keeps a Buy rating on the shares. The company’s Q1 adjusted EBITDA and revenue were just ahead of consensus as it looks well positioned for margin expansion on improved operating leverage, the analyst tells investors in a research note. NV5’s healthy demand in Infrastructure, Geospatial and BTS reflect positive trends in transportation, data center and utilities, among other areas, the firm added.
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