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Stifel resumes coverage on Montrose stock with Buy rating on growth potential

EditorRachael Rajan
Published 05/02/2024, 18:04
© Reuters.
MEG
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On Monday, Stifel resumed coverage on Montrose Environmental Group (NYSE:MEG), assigning a Buy rating and setting a price target of $36.00. Montrose, known for its specialty environmental services, operates across North America, Australia, and Europe, offering integrated environmental solutions.

Montrose Environmental Group Inc. is recognized as a leader in environmental services, providing comprehensive analysis, measurement, and data-driven solutions to its clients. The company's services are divided into three key business segments: Assessment, Permitting and Response (AP&R), Measurement and Analysis (M&A), and Remediation and Reuse (R&R).

"Entering FY24, we expect MEG to refine its segment reporting and an overall message to return the company to repeatable, predictable growth," said analysts at Stifel.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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