Cardinal Infrastructure Group (NASDAQ:CDNL) Coverage Initiated at DA Davidson

Investment analysts at DA Davidson began coverage on shares of Cardinal Infrastructure Group (NASDAQ:CDNL) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $30.00 price target on the stock. DA Davidson’s price objective suggests a potential upside of 12.19% from the stock’s current price.

Cardinal Infrastructure Group Price Performance

NASDAQ:CDNL opened at $26.74 on Tuesday. Cardinal Infrastructure Group has a 52 week low of $21.98 and a 52 week high of $29.75.

Cardinal Infrastructure Group Company Profile

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.