Maxim analyst Tate Sullivan lowered the firm’s price target on NV5 Global (NVEE) to $24 from $29 but keeps a Buy rating on the shares. The company’s Q4 earnings missed despite the revenue beat, and while more data center and geospatial work contributed to revenue growth, this was at lower margins than expected, the analyst tells investors in a research note. Maxim adds however that it expects NV5 to continue to secure profitable state and local government infrastructure project consulting projecRead More
