Stifel Maintains Buy on Cardinal Infrastructure, Lowers Price Target to $52
Stifel analyst Brian Brophy maintains Cardinal Infrastructure (NASDAQ:CDNL) with a Buy and lowers the price target from $63 to $52.
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Cardinal Infrastructure (NASDAQ:CDNL) raises FY2026 sales outlook from $675.000 million-$685.000 million to $880.000 million-$900.000 million vs $181.994 million estimate.
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Stifel analyst Brian Brophy maintains Cardinal Infrastructure (NASDAQ:CDNL) with a Buy and lowers the price target from $63 to $52.
Read original at benzingaOppenheimer analyst Brent Thielman maintains Cardinal Infrastructure (NASDAQ:CDNL) with a Outperform and lowers the price target from $80 to $70.
Read original at benzingaCardinal Infrastructure Group's stock plummeted 27.78% after reporting mixed Q2 earnings. While the company beat revenue expectations ($226.9M vs. $274.7M estimate) and raised full-year guidance to $880-900M, it missed earnings estimates significantly ($0.26 vs. $0.47 per share). Investor concerns center on contracting margins (16-18% guidance down from 20%+) and decelerating backlog growth (35% vs. 60% YoY), suggesting weakening business quality despite strong headline revenue numbers.
Read original at the-motley-foolDow up 0.18% while NASDAQ and S&P 500 also rose. Industrials up 1.2%, consumer staples down 0.6%. Quantum, Planet Green, NIQ up, Cardinal, KLX, Life360 down.
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