Imperial Capital Upgrades Orion Marine Group (ORN) to Outperform

Imperial Capital upgraded Orion Marine Group (NYSE: ORN) from In-Line to Outperform with a price target of $13.00 (from $12.00).

Analyst Scott Levine said, "Our price target is 21% above the recent share price. We expect ORN to benefit from a multi-year uplift in marine construction activity, given its strong asset base, attractive regional footprint, and turnkey construction capabilities. Accordingly, we think the shares offer attractive upside potential at current levels, and should outperform the specialty contractor peer group average over the next several quarters."

For an analyst ratings summary and ratings history on Orion Marine Group click here. For more ratings news on Orion Marine Group click here.

Shares of Orion Marine Group closed at $10.77 yesterday.

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