Movers and SHAKERS
Monday, July 20, 2020
Great Lakes Dredge & Dock (GLDD)
Virtual NDR Meeting Reinforces Favorable Dredging Outlook
Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only's operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
We hosted a virtual NDR meeting last week with Lasse Petterson, President/CEO and Mark Marinko, CFO, that showcased the favorable dredging market outlook and GLDD's strong market position. A link should be available shortly at www.channelchek.com.
No change in favorable dredging market outlook even though competition has increased. Recent backlog trend has been down, but smaller projects have successfully sustained operating results. News on several large bid opportunities and Jacksonville C in 3Q/4Q2020 should ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.