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Orion Group well-positioned moving into FY25, says B. Riley

Orion Group well-positioned moving into FY25, says B. Riley

B. Riley analyst Liam Burke likes the current positioning of Orion Group (ORN) moving into fiscal 2025, telling investors in a research note that the company has bolstered the profitability of its concrete business and increased its financial flexibility by raising cash through the sale of non-core assets as demand for specialized marine construction continues to grow. The firm maintains a Buy rating and $9 price target after assuming coverage of the name.

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