Orion Group initiated with a Buy at DA Davidson

DA Davidson initiated coverage of Orion Group (ORN) with a Buy rating and $11 price target The company is a a unique beneficiary of marine infrastructure development, including enhancements to military assets, ports, maintenance, coastal protection and private deployment, and the firm contends that there is a long-term case for Orion’s growth, the analyst tells investors in a research note. Orion’s newer leadership initiatives and financial objectives also “lend intrigue” to the stock’s “favorable” risk-reward, DA Davidson added.