D.A. Davidson Continues Granite Construction Buy, $30 PT
D.A. Davidson continued its Granite Construction (NYSE: GVA) Buy rating and $30 price target in a research report published today.
In the report, D.A. Davidson stated, "Growth in backlog with improved executions should provide opportunities for Granite to substantially ramp up earnings over the next several years. We are also optimistic for long-term margin potential, and smaller project segments could meaningfully increase."
Shares of Granite Construction closed today at $24.43, down 7.15% from Monday's market close.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.