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.
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