Montrose Environmental downgraded at BofA on slower pace of regulation
The Fly

Montrose Environmental downgraded at BofA on slower pace of regulation

BofA downgraded Montrose Environmental (MEG) to Neutral from Buy with a price target of $29, down from $52, as the firm views the incoming Trump administration as likely to lead to a slower pace of Federal environmental regulation. While acknowledging that state- and local-level regulations are “meaningful drivers” of Montrose’s recurring revenue, the firm notes that a key part of its prior Buy thesis was revenue growth in 2025-26 from remediation activity of per- and polyfluoroalkyl substances, or PFAS.

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