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Stock impact report

MYR Group (MYRG) Stock Trades Down, Here Is Why [Yahoo! Finance]

MYR Group, Inc. (MYRG) 
Last myr group, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.myrgroup.com/investor-relations
Company Research Source: Yahoo! Finance
the afternoon session after Keybanc downgraded the stock from "Overweight" to "Sector Weight.". The investment bank noted that the electrical contractor's shares had approached its price target, suggesting the stock was now considered fairly valued. This move followed a remarkable run for the stock, which had gained over 102% in the previous year. Despite the rating change, Keybanc acknowledged the company's significant progress, highlighting that MYR Group had successfully overcome project execution challenges from about a year ago. The firm expressed a positive view of the company's operational improvements but determined the current share price adequately reflected its business performance and outlook. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy MYR Group? Access our full analysis report here, it's free What Is The Market Telling Us MYR Group's shares are very volatile and have had Show less Read more
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