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UPDATE: D.A. Davidson Upgrades Sterling Construction, Expects Earnings Recovery To Continue

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Earnings Scheduled For March 16, 2015

Shares of Sterling Construction Company (NASDAQ: STRL) surged approximately 13 percent on Monday, May 12, 2014 after analyst John B. Rogers upgraded the company from Neutral to Buy.

The firm stated that its 12-18 month price target was $8.00, while the 5-year price target was $15.00.

The firm continued to state, that the recent earnings report by STRL was, “Sterling reported Q1 GAAP EPS of $0.01, above our estimate of a loss of $0.05 and the breakeven consensus.”

In addition, Rogers stated that the company's operating results were essentially in-line with estimates.

Sterling Construction also improved its backlog as it increased to $799 million from $693 million the same time a year ago.

Latest Ratings for STRL

DateFirmActionFromTo
Jul 2015BWS FinancialInitiates Coverage onBuy
May 2015Maxim GroupInitiates Coverage onBuy
Mar 2015KeyBancMaintainsOverweight

View More Analyst Ratings for STRL
View the Latest Analyst Ratings

Posted-In: John B. RogersAnalyst Color Upgrades Analyst Ratings

 

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