Great Lakes Dredge & Dock (GLDD) Misses Q4 EPS by 5c

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Imperial Capital Reiterates Outperform on Great Lakes Dredge & Dock (GLDD) Following a 4Q Review

February 24, 2016 8:04 AM EST

Imperial Capital maintained an Outperform rating on Great Lakes Dredge & Dock (NASDAQ: GLDD), and cut the price target to $5.50 (from $6.50), following a review of the company's 4Q. GLDD reported adjusted EBITDA of $22.2mn, missing the Street's $25.8mn estimate. Revenue was $222.6mn, up -8.6% yoy. Management did not provide FY16 guidance.... More