MKM Partners analyst Daniel Scott nudged his price target on Granite Construction higher to $61 from $60 and kept his Buy rating, saying that although the company missed on Q4 results, its guidance for 2019 looked good. The analyst cites "wet weather in the West, severe cold in the Midwest, and negative forecast adjustments on legacy unconsolidated large projects" weighing on Q4, but sees legacy project problems being in the past. Scott also points to the potential passage of a federal infrastructure bill and the ramp in California after the failed SB-1 repeal proposition.