U.S. stock futures slip lower; Cook’s firing increases Fed independence worries
Investing.com - DA Davidson has raised its price target on Everus (NYSE:ECG) to $88.00 from $68.00 while maintaining a Neutral rating on the stock. The stock, currently trading at $79.16, has shown remarkable strength with a 20.4% gain year-to-date, according to InvestingPro data.
The firm increased its fiscal year 2025 and 2026 estimates for Everus, though it lowered its second-half projections in line with the company’s revised guidance. InvestingPro data shows that 2 analysts have recently revised their earnings downward for the upcoming period, while the stock’s RSI indicates overbought conditions.
DA Davidson noted that Everus is "clearly benefiting from favorable secular drivers and other steady market themes" in its analysis of the company’s performance.
The research firm indicated that the applied multiples used in its valuation are within the range of comparable peers in the sector.
Despite the significant price target increase, DA Davidson maintained its Neutral stance on Everus shares, noting they "have sharply recovered since Spring," though the firm continues to "monitor opps."
In other recent news, Everus Construction Group Inc reported its second-quarter earnings for 2025, significantly exceeding market expectations. The company achieved an earnings per share of $1.03, compared to the forecasted $0.64, representing a 60.94% surprise. Revenue for the quarter reached $921.5 million, marking a 31% increase from the previous year. These results highlight a strong performance for Everus Construction. Investors showed confidence in the company’s financial health, as reflected in trading activities. The earnings report has been a focal point for analysts and investors alike. These recent developments underscore Everus Construction’s robust financial position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.