Stifel analyst Noelle Dilts upgraded MYR Group to Buy from Hold and raised her price target for the shares to $39 from $32. The analyst sees "compelling dynamics" in the electric transmission and distribution market as utilities move investment toward power delivery in order to address reliability concerns, the need for grid hardening, and aging infrastructure. Further, she sees the 17% pullback in MYR shares post the company's Q1 results on May 2 as providing a good entry point. The outlook for MYR "remains strong," Dilts tells investors in a research note.