Cowen & Company Initiates Granite Construction With Outperform

Analysts at Cowen & Company initiated coverage on

with a Outperform rating. The target price for Granite Construction is set to $41. Granite Construction shares have dropped 9.25% over the past 52 weeks, while the S&P 500 index has surged 11.18% in the same period. Granite Construction's shares fell 2.88 percent to close at $35.04 on Friday.