Cowen & Company Initiates Granite Construction With Outperform

Analysts at Cowen & Company initiated coverage on Granite Construction Inc. (NYSE: GVA) with a Outperform rating.

The target price for Granite Construction is set to $41.

Granite Construction shares have dropped 9.25% over the past 52 weeks, while the S&P 500 index has surged 11.18% in the same period.

Granite Construction's shares fell 2.88 percent to close at $35.04 on Friday.