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GVA

Granite Construction

$56.51

-0.56 (-0.98%)

17:36
09/19/17
09/19
17:36
09/19/17
17:36

Granite Construction awarded $23M contract in San Diego

Granite Construction announced it has been awarded a $23M runway rehabilitation contract by the San Diego County Regional Airport Authority. The contract will be included in Granite's Q3 backlog. Scope of the work on the Runway 9-27 and Cross Taxiways B1, B4-B7, C3 Rehabilitation Project at the San Diego International Airport includes milling and replacing approximately 2.5 million square feet of asphalt concrete pavement, reconstruction of a new taxiway, upgrading of lighting and signage, and new striping and marking. Construction is scheduled to begin in October 2017 and conclude in September 2018.

GVA Granite Construction
$56.51

-0.56 (-0.98%)

01/10/17
ADAM
01/10/17
INITIATION
Target $70
ADAM
Buy
Granite Construction initiated with a Buy at Canaccord
Canaccord analyst Bobby Burleson initiated Granite Construction with a Buy citing a strong transportation infrastructure backdrop driven by funding growth and better visibility, which should increase bidding opportunities. Burleson feels a premium is warranted by stronger growth expectations and has a $70 price target on Granite Construction shares.
03/30/17
COWN
03/30/17
NO CHANGE
Target $70
COWN
Outperform
California bill could return momentum to Granite Construction, says Cowen
Cowen analyst Joseph Giordano noted that California governor Jerry Brown and legislative leaders in the state have set a deadline of April 6 to pass transportation funding bill that could bring a roughly tripling of the budget increase to Caltrans, the CA DOT, which is Granite Construction's largest customer. Granite shares rallied post-election, but have since reversed back even though more than $200B in local transportation measures have been passed on the West Coast and a California bill is poised to be passed, noted Giordano, who thinks clarity in California could restore some momentum for the stock. He keeps an Outperform rating and $70 price target on Granite Construction shares.
04/03/17
GSCO
04/03/17
UPGRADE
Target $61
GSCO
Buy
Granite Construction upgraded to Buy from Neutral at Goldman
Goldman Sachs analyst Jerry Revich upgraded Granite Construction to Buy saying the recovery in public construction along with California infrastructure investment should drive higher margins. The analyst's price target of $61 represents 22% upside from current levels.
06/14/17
ADAM
06/14/17
NO CHANGE
Target $70
ADAM
Buy
Granite Construction positioned for growth as spending increases, says Canaccord
Canaccord analyst Bobby Burleson said Granite Construction is well positioned for growth as he believes the volume of infrastructure projects will increase substantially over the next few years. The analyst sees increased spending plans at the state and local levels and said a Trump infrastructure plan would be incremental to an already positive story. Burleson reiterated his Buy rating and $70 price target on Granite Construction shares.

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LULU

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TJX

TJX

$110.33

0.605 (0.55%)

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CYH

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AFL

Aflac

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TPC

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HLTH

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FPAY

FlexShopper

$1.16

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NKE

Nike

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Nike

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NKE

Nike

$84.79

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NKE

Nike

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KBH

KB Home

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MTBC

Medical Transcription Billing

$4.96

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NKE

Nike

$84.79

0.52 (0.62%)

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GTX

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NKE

Nike

$84.79

0.52 (0.62%)

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RBNC

Reliant Bancorp

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