Multi-Year Infrastructure Boom: JPMorgan Sees Doubling Potential in Sterling Infrastructure
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Buy recommendation with doubling potential: JPMorgan initiates coverage of Sterling Infrastructure with "Overweight" and a target price of $585. Inclusion in the "Focus List": The US bank classifies the construction and infrastructure company as a top growth stock and expects above-average returns. Structural investment cycle: The modernization of US infrastructure is just beginning and offers Sterling long-term margin and scaling advantages. The expansion of the US basic infrastructure is becoming a sustained growth...
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