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Fly News Breaks for May 25, 2018
GVA
May 25, 2018 | 09:01 EDT
MKM Partners analyst Daniel Scott lowered his price target on Granite Construction to $74, saying the legislative overhang around SB-1 repeal in California has continued to weigh on the shares. The analyst keeps his Buy rating however, forecasting margins to turn by the end of the year while also forecasting the SB-1 issue to be resolved positively at the polls given the governor's strong support and the favorable polling.
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