Zacks Upgrades Granite Construction to “Neutral” (GVA)
Granite Construction (NYSE:GVA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday. The firm currently has a $34.60 price objective on the stock. Zacks‘s target price suggests a potential upside of 2.55% from the stock’s previous close.
Granite Construction (NYSE:GVA) remained flat at $33.74 during during mid-day trading trading on Wednesday. 63,895 shares of the company’s stock traded hands. Granite Construction has a 1-year low of $27.88 and a 1-year high of $40.55. The stock has a 50-day moving average of $35.62 and a 200-day moving average of $36.20. The company’s market cap is $1.319 billion.
Granite Construction Incorporated is a diversified heavy civil contractors and construction materials producers in the United States.
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