Montrose Environmental initiated with an Outperform at Evercore ISI

Evercore ISI analyst Durgesh Chopra initiated coverage of Montrose Environmental with an Outperform rating and $43 price target. The firm says Montrose is a “unique” environmental services company, with a vertically integrated business model to identify, measure, and remediate environmental risks. The company “serves as a one-stop shop” for environmental services with clients not having to deal with multiple vendors to comply with different state and other regulatory standards, the analyst tells investors in a research note. Evercore notes the stock trades at a discount to its closest peers, which offers an attractive risk/reward.