D.A. Davidson & Co. Neutral On Sterling Construction Company, Inc.

Shares of Sterling Construction Company, Inc.

surged approximately 13 percent on Monday, May 12, 2014 after D.A. Davidson & Co. upgraded the company. The research was led by, John B. Rogers, CFA, and the firm is at a Nutral rating. The firm stated that its 12-18 month price target was $8.0, while the 5-year price target was $15.0. 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, the stated that the company's operating results were essentially in line with their estimates. STRL also improved its backlog as it increased to $799 million from $693 million the same time a year ago.