Jefferies upgrades MYR Group to 'buy'; shares gain

Myr

06/10/2026 12:17

** Electrical contractor MYR Group's MYRG.O shares gain 3.7% to $313.75 in premarket trading
** Jefferies raises rating to "buy" from "hold"
** Brokerage says it is upgrading MYRG shares "as momentum builds and visibility improves across T&D (transmission and distribution)/C&I (commercial and industrial)"
** Adds that "bullish utility capex" and demand continue to strengthen the investment case for the E&C sector, with MYRG positioned to post "superior earnings growth vs peers"
** Six of 10 brokerages rate stock "buy" or higher, 4 "hold"; their median PT is $431.50 - LSEG-compiled data
** As of last close, shares up 38.5% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))