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Fly News Breaks for January 11, 2018
STRL
Jan 11, 2018 | 07:20 EDT
Canaccord analyst Bobby Burleson noted Sterling Construction shares have been weak but he believes the pullback has created a buying opportunity. The analyst cited its near-term momentum in Utah and emergency work related to the hurricanes is picking up. Longer-term, margin drivers remain intact and there has been improvements in civil demand, strong Tealstone growth, and an increase in higher margin industrial work. Burleson reiterated his Buy rating and $20 price target on Sterling Construction shares.
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