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Enter Symbol:
 
MYR GROUP INC (MYRG) [hlAlert]

Rating:
Mkt Outperform
MYRG
up 75.12 %

MYR GROUP INC (MYRG) rated Mkt Outperform with price target $20 by Avondale

Posted on: Wednesday,  Jul 21, 2010  1:25 PM ET by Avondale

Avondale rated Mkt Outperform MYR GROUP INC (NASDAQ: MYRG) on 07/21/2010, when the stock price was $15.76.
Since then, MYR GROUP INC has gained 75.13% as of 01/05/2016's recent price of $27.60.
If you would have followed this Avondale's recommendation on MYRG, you would have gained 75.12% of your investment in 1994 days.

MYR Group Inc. is a specialty contractor serving the electrical infrastructure market in the United States. The Company?s operations are conducted by six subsidiaries: The L. E. Myers Co., Harlan Electric Company, Hawkeye Construction, Inc., Great Southwestern Construction, Inc., Sturgeon Electric Company, Inc. and MYR Transmission Services, Inc. The Company through its operating subsidiaries provides utility and electrical construction services with a network of local offices located throughout the continental United States. Its range of services includes design, engineering, procurement, construction, upgrade, maintenance and repair services with a particular focus on construction, maintenance and repair throughout the continental United States. The Company operates through two industry segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I) electrical contracting services.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/21/2010 1:25 PM Buy
None
15.76 20.00
as of 12/31/2010
1 Week up  0.82 %
1 Month up  32.46 %
3 Months up  27.45 %
1 YTD up  32.55 %

(*) Stock Price at the time of the recommendation.
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