Cantor Fitzgerald Launches Coverage of MYR Group with Positive Outlook and $285 Price Target
Cantor Fitzgerald has initiated coverage of MYR Group (NASDAQ: MYRG) with an Overweight rating and a $285 price target, citing the company's strategic positioning as a utility-focused electrical contractor benefiting from long-term grid modernization and infrastructure replacement programs. Despite modest profit margins, management's disciplined gr…