BofA Securities Downgrades Montrose Environmental Group (MEG) to Neutral

BofA Securities analyst Andrew Obin downgraded Montrose Environmental Group (NYSE: MEG) from Buy to Neutral with a price target of $29.00 (from $52.00).

The analyst comments "We downgrade MEG shares from Buy to Neutral as we view the incoming Trump administration as likely to lead to a slower pace of Federal environmental regulation. We acknowledge that state- and local-level regulations are meaningful drivers of Montrose’s recurring revenue. However, a key part of our prior Buy thesis was revenue growth in 2025-26 from remediation activity of per- and polyfluoroalkyl substances (PFAS). We are concerned that private companies may adopt a ”wait and see” approach to PFAS remediation, given the potential for Federal regulatory changes."

For an analyst ratings summary and ratings history on Montrose Environmental Group click here. For more ratings news on Montrose Environmental Group click here.

Shares of Montrose Environmental Group closed at $26.70 yesterday.

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
• Aurora Spine settles patent dispute, secures $600K insider loan