Sterling Construction price target raised to $52 from $48 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on Sterling Construction to $52 from $48 and keeps a Buy rating on the shares after its Q1 earnings beat. The company is trending toward the upper-end of 2023 guidance, its Residential segment wasn’t "as bad" with green shoots ahead and E-Infrastructure shining, and the valuation on the stock is "attractive", the analyst tells investors in a research note.