Sterling Infrastructure upgraded to Buy from Neutral at DA Davidson

DA Davidson analyst Brent Thielman last night upgraded Sterling Infrastructure (STRL) to Buy from Neutral with an unchanged price target of $185. The firm views the recent pullback in the shares as a buying opportunity. Strength in E-Infrastructure margins look to continue with improved segment growth prospects in 2025 versus 2024, driven by data center demand and some early signs of improving e-commerce activity, the analyst tells investors in a research note. The firm says potential resumption in homebuilding activity in the south could also “offer more levers to the model.”