Granite Construction stock price target cut to $74 from $82 at MKM Partners

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Granite Construction, Inc. is a holding company, which engages in the provision of infrastructure solutions for public and private clients. It operates through the following segments: Construction, Large Project Construction, and Construction Materials. The Construction segment focuses on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, water-related facilities, utilities, and other infrastructure projects. The Large Project Construction segment involves in the large and complex infrastructure projects which typically have a longer duration such as major highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities, water-related facilities, utilities, and airport infrastructure. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. The company was founded in January 1990 and is headquartered in Watsonville, CA. (See Full Profile)

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