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Fly News Breaks for May 5, 2017
MYRG
May 5, 2017 | 07:38 EDT
Canaccord analyst Bobby Burleson lowered his estimates on MYR Group following its Q1 earnings miss but he sees the issues that impacted profitability as transitory. He cited weather, project mix, and timing as driving the miss and considers the selloff in the shares after the earnings report as a buying opportunity. Burleson reiterated his Buy rating and $47 price target on MYR Group shares.
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