BUZZ - Truist initiates coverage on Cardinal Infra with a "Buy" rating; stock rises
路透社2026/09/25 14:26September 25 - ** Truist initiates coverage on construction services company Cardinal Infrastructure (CDNL.O) with a "Buy" rating
** Shares rise 1.9% amid choppy trading, closing at $28.1
** The broker believes the company's acquisition-driven integration strategy will drive growth while expanding its business footprint into new markets at an attractive valuation
** Notes the company has significant expansion potential in the Southeast region and sees recent share price weakness as obscuring long-term growth opportunities
** Five brokers covering the stock give it a "Buy" or higher rating; median price target is $53.5
** Including the day's gains, shares are up 15.5% year-to-date
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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