MYR Group upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc Upgrade: MYR Group (MYRG) has been upgraded to Overweight from Sector Weight by KeyBanc, with a price target of $136, as the company is expected to show revenue and margin growth after overcoming previous execution challenges.
Investment Opportunity: The firm suggests that the current share price, which is 2.5 times below its three-year average, presents a buying opportunity amid concerns over tariffs, macroeconomic factors, and inflation, as MYR is poised for high-single-digit growth in its core segments.
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MYR Group to Attend 2026 Goldman Sachs Energy Conference
- Goldman Sachs Conference Participation: MYR Group's CEO Rick Swartz and CFO Kelly Huntington will attend the Goldman Sachs Energy, CleanTech & Utilities Conference on January 7, 2026, in Aventura, Florida, aiming to connect with institutional investors and enhance market confidence.
- Diverse Business Segments: MYR Group operates in the U.S. and Canada, providing specialized contracting services in electric utility infrastructure, commercial, and industrial construction through its Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments, ensuring competitiveness in the power industry.
- Varied Clientele: The T&D and C&I segments serve a diverse clientele, including investor-owned utilities, cooperatives, private developers, and government-funded utilities, showcasing MYR Group's extensive influence in the electric infrastructure sector.
- Integrated Technology and Services: MYR Group offers comprehensive services including design, engineering, procurement, construction, upgrades, maintenance, and repairs, ensuring a technological edge in clean energy projects and electric vehicle charging infrastructure, aligning with market demands for sustainability.
Stock of the Day: MYR Group Inc. (MYRG)
Company Overview: MYR Group Inc. (MYRG) is a leading specialty electrical construction contractor in the U.S., focusing on Transmission & Distribution and Commercial & Industrial segments, and is poised for significant growth due to increasing demand for electrical infrastructure driven by the AI age.
Financial Performance: The company has seen substantial revenue growth, doubling its revenue from 2018 to 2022, and is projected to achieve a 275% increase in adjusted EPS by 2025, with a strong Zacks Rank #1 (Strong Buy) indicating positive earnings outlook.
Market Position: MYRG has outperformed its sector and the S&P 500, with a stock price increase of nearly 1,000% over the past 15 years, and is currently positioned for a potential breakout to new all-time highs as it capitalizes on the energy infrastructure spending boom.
Future Prospects: The U.S. energy sector faces a significant investment gap, and MYR Group is well-positioned to benefit from the accelerating pace of electrification and infrastructure development, essential for supporting the growing demand for electricity, particularly from AI and renewable energy projects.
Goldman Sachs Keeps Neutral Rating on MYR Group and Increases Price Target to $248
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make timely decisions in the stock market.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters, enhancing their trading strategies.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing knowledge and resources to improve their market performance.
Market Winning Tools: The platform is designed to provide traders with the tools and information necessary to succeed in their trading endeavors.
Wall Street Pursues Bubbles: These 10 Stocks Drive AI Innovation
AI Bottleneck Misconception: Wall Street believes that the main bottleneck for AI development is semiconductors, similar to past misconceptions about mortgage-backed securities.
True Bottleneck: The actual limitation in AI expansion is the electricity supply, as outdated power grids can lead to disruptions during critical operations like training AI models.
Keybanc Lowers MYR Group Rating to Sector Weight
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
Monday's Top Sector Performers: Agriculture & Farm Products, Construction Stocks
Construction Sector Performance: Construction shares have shown relative strength, increasing by approximately 2.6% overall, with JFB Construction Holdings leading the gains at around 61% and MYR Group up by about 2.8% on Monday.
Sector Leaders: The video highlights Monday's sector leaders, specifically focusing on Agriculture & Farm Products and Construction Stocks.
MYR Group to Attend 2026 Goldman Sachs Energy Conference
- Goldman Sachs Conference Participation: MYR Group's CEO Rick Swartz and CFO Kelly Huntington will attend the Goldman Sachs Energy, CleanTech & Utilities Conference on January 7, 2026, in Aventura, Florida, aiming to connect with institutional investors and enhance market confidence.
- Diverse Business Segments: MYR Group operates in the U.S. and Canada, providing specialized contracting services in electric utility infrastructure, commercial, and industrial construction through its Transmission & Distribution (T&D) and Commercial & Industrial (C&I) segments, ensuring competitiveness in the power industry.
- Varied Clientele: The T&D and C&I segments serve a diverse clientele, including investor-owned utilities, cooperatives, private developers, and government-funded utilities, showcasing MYR Group's extensive influence in the electric infrastructure sector.
- Integrated Technology and Services: MYR Group offers comprehensive services including design, engineering, procurement, construction, upgrades, maintenance, and repairs, ensuring a technological edge in clean energy projects and electric vehicle charging infrastructure, aligning with market demands for sustainability.
Stock of the Day: MYR Group Inc. (MYRG)
Company Overview: MYR Group Inc. (MYRG) is a leading specialty electrical construction contractor in the U.S., focusing on Transmission & Distribution and Commercial & Industrial segments, and is poised for significant growth due to increasing demand for electrical infrastructure driven by the AI age.
Financial Performance: The company has seen substantial revenue growth, doubling its revenue from 2018 to 2022, and is projected to achieve a 275% increase in adjusted EPS by 2025, with a strong Zacks Rank #1 (Strong Buy) indicating positive earnings outlook.
Market Position: MYRG has outperformed its sector and the S&P 500, with a stock price increase of nearly 1,000% over the past 15 years, and is currently positioned for a potential breakout to new all-time highs as it capitalizes on the energy infrastructure spending boom.
Future Prospects: The U.S. energy sector faces a significant investment gap, and MYR Group is well-positioned to benefit from the accelerating pace of electrification and infrastructure development, essential for supporting the growing demand for electricity, particularly from AI and renewable energy projects.
Goldman Sachs Keeps Neutral Rating on MYR Group and Increases Price Target to $248
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make timely decisions in the stock market.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters, enhancing their trading strategies.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, sharing knowledge and resources to improve their market performance.
Market Winning Tools: The platform is designed to provide traders with the tools and information necessary to succeed in their trading endeavors.
Wall Street Pursues Bubbles: These 10 Stocks Drive AI Innovation
AI Bottleneck Misconception: Wall Street believes that the main bottleneck for AI development is semiconductors, similar to past misconceptions about mortgage-backed securities.
True Bottleneck: The actual limitation in AI expansion is the electricity supply, as outdated power grids can lead to disruptions during critical operations like training AI models.
Keybanc Lowers MYR Group Rating to Sector Weight
Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make winning trades in the stock market.
Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
Monday's Top Sector Performers: Agriculture & Farm Products, Construction Stocks
Construction Sector Performance: Construction shares have shown relative strength, increasing by approximately 2.6% overall, with JFB Construction Holdings leading the gains at around 61% and MYR Group up by about 2.8% on Monday.
Sector Leaders: The video highlights Monday's sector leaders, specifically focusing on Agriculture & Farm Products and Construction Stocks.
