Stifel raised the firm’s price target on Montrose Environmental to $48 from $36 and keeps a Buy rating on the shares after Q4 results exceeded market expectations. While there are headwinds from normalizing emergency response activity, an R&R segment pivot and some near-term delayed government regulation decisions, the “overall outlook is bullish” and Montrose is executing well on its cross-selling initiatives, the analyst tells investors.
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Read More on MEG:
- Montrose Environmental reports Q4 EPS 27c vs 25c last yeat
- Montrose Environmental Group’s Upcoming Fiscal Year Financial Discussion
- Montrose Environmental acquires Two Dot Consulting, terms not disclosed
- Montrose Environmental Expands Credit Facility and Secures Loan
- Montrose Environmental resumed with a Buy at Stifel
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