Core Viewpoint - Centuri Holdings Inc. (NYSE:CTRI) is highlighted as a strong IPO stock to consider for investment, supported by a robust investment cycle in the Engineering & Construction sector [1][3]. Group 1: Investment Ratings and Price Targets - Cantor Fitzgerald initiated coverage on Centuri with an Overweight rating and a price target of $34, citing a strong multi-year investment cycle in the sector [1]. - Wells Fargo analyst Joseph O'Dea raised the price target for Centuri from $25 to $30, maintaining an Overweight rating, while noting a cautious approach in setting market expectations for 2026 [3]. Group 2: Growth Drivers - The growth of Centuri is driven by factors such as grid modernization, electrification, energy transition efforts, and increased power demand from data centers and reshoring, which contribute to record backlogs and long-term revenue visibility [2]. - Cantor Fitzgerald emphasized Centuri's highly recurring, MSA-driven utility revenue and accelerating electric growth, along with rapid post-spin deleveraging that supports significant valuation upside [2]. Group 3: Company Overview - Centuri Holdings Inc. operates as a utility infrastructure services company in North America, with four segments: US Gas Utility Services, Canadian Gas Utility Services, Union Electric Utility Services, and Non-Union Electric Utility Services [4].
Cantor Fitzgerald Highlights Centuri (CTRI) Amid Robust Sector Investment Cycle