03:10 AM EST, 11/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $5 to $124, on a P/E of 19.6x our next-12-month EPS estimate, a discount to the U.S. peer average of 23.4x but a premium to the international peer average of 14.6x. We lift our 2025 EPS view by $0.04 to $5.72, lift 2026 EPS by $0.05 to $6.36, and initiate 2027 EPS at $7.03. We see emerging policy headwinds from the Trump administration's infrastructure project funding freeze and threats of permanent cuts. We expect financial impacts to surface in Q1 2026 results given typical project-to-revenue lag times and potential revisions to guidance during Q4 earnings. Visibility into the broader impact remains constrained as U.S. Census Bureau data releases are paused during the shutdown, though a strong market reaction is possible if significant funding declines are revealed when data reporting resumes. Coupled with labor issues, significant construction materials price increases are straining project budgets, potentially leading to delays or cancellations.