MYR Group (NASDAQ:MYRG) PT Raised to $185.00 at Stifel Nicolaus

MYR Group is a utilities provider that operates in the United States. The company's stock is listed on the NASDAQ stock exchange under the ticker symbol "MYRG." On Friday, Stifel Nicolaus, an investment firm, released a report raising its price objective for MYR Group from $168.00 to $185.00. This means that the firm now believes that the stock is undervalued and could potentially increase in value by 11.26% from its current price of $168.00.

Stifel Nicolaus has a "buy" rating on MYR Group's stock, which indicates that the firm believes that the stock is a good investment opportunity. The target price set by Stifel Nicolaus suggests that the company expects the stock to reach a higher value in the future.

It's worth noting that the information provided is based on a report released by Benzinga, which is a financial news and data provider. While this report provides some insight into the investment firm's views on MYR Group's stock, it's important to do your own research and consider seeking advice from a financial advisor before making any investment decisions.