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Fly News Breaks for March 22, 2019
GVA
Mar 22, 2019 | 09:34 EDT
MKM Partners analyst Daniel Scott kept his Buy rating and $61 price target on Granite Construction but lowered his Q1 EPS outlook to (35c) from (19c) and also lowered his FY19 outlook to $3.30 from $3.41. The analyst cites "continued wet weather in the West, which is likely impacting the company's seasonally weakest quarter" and contends that its Q1 margins will see a greater impact from weather disruptions than previously expected.
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