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8-K filing — MYR GROUP INC. (MYRG)
Filed: 2026-08-07 AccNo: 0000700923-26-000044 Size: 3 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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MYR Group shares are trading higher after Jefferies upgraded the stock from Hold to Buy.
Jefferies Upgrades MYR Group to Buy, Lowers Price Target to $370
Jefferies analyst Julien Dumoulin-Smith upgrades MYR Group (NASDAQ:MYRG) from Hold to Buy and lowers the price target from $377 to $370.
MYR Group's Backlog Hits Record in Q2: Can the Growth Trend Continue?
MYR Group achieved a record backlog of $3.16 billion in Q2 2026, up 19.6% year-over-year, driven by strong demand in transmission/distribution and commercial/industrial segments. The company's recent acquisitions of Valley Electric and Comet Electric are expected to expand capabilities and geographic reach. Strong end-market fundamentals in power infrastructure support continued growth, though project execution and cost pressures remain risks.