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Fly News Breaks for August 10, 2018
GVA
Aug 10, 2018 | 07:24 EDT
Canaccord analyst Bobby Burleson lowered his price target on Granite Construction to $65 from $75 following its Q2 miss. He continues to believe the company is well positioned to capitalize on the better funding environment for infrastructure work and expect projects to translate into accelerating growth from the higher margin Materials business. Burleson maintained his Buy rating on Granite Construction shares.
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