Everus Construction price target lowered to $60 from $80 at Oppenheimer

Oppenheimer lowered the firm’s price target on Everus Construction (ECG) to $60 from $80 and keeps an Outperform rating on the shares. With the shares down about 35% since February 11, the firm believes Everus is an interesting value play for patient investors. While 2025 guidance and commentary missed investors’ lofty expectations, Oppenheimer highlights guidance was actually in line with management’s previous commentary, as well as its projections.