tiprankstipranks
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.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App