DA Davidson Starts Everus (ECG) at Neutral

DA Davidson analyst Brent Thielman initiates coverage on Everus (NYSE: ECG) with a Neutral rating and a price target of $55.00.

The analyst comments "We are initiating coverage of Everus (ECG) with a NEUTRAL rating and $55 price target, or 14x/13x our 2025/2026 EBITDA estimates (multiples on 2025 essentially consistent with a select peer group avg./median). Exposure in data centers, semiconductor fabs and electrical T&D lend appeal. Potential to expand the platform with greater capital allocation flexibility post MDU-spin lends inorganic growth potential. We like the business/MT opportunities, though hesitate to put upper-tier industry multiples on the shares at this juncture."

For an analyst ratings summary and ratings history on Everus click here. For more ratings news on Everus click here.

Shares of Everus closed at $52.49 yesterday.

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