Needham Believes Montrose Environmental Group (MEG) Still Has Room to Grow

Needham analyst James Ricchiuti assigned a Buy rating to Montrose Environmental Group (MEG) today and set a price target of $62.00. The company’s shares closed last Wednesday at $54.08, close to its 52-week high of $59.62.

According to, Ricchiuti is a 5-star analyst with an average return of 21.1% and a 63.2% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.

Currently, the analyst consensus on Montrose Environmental Group is a Moderate Buy with an average price target of $56.50.

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The company has a one-year high of $59.62 and a one-year low of $16.41. Currently, Montrose Environmental Group has an average volume of 241.8K.

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Media General Inc was incorporated as Legacy Media General in Virginia and became a public company in 1969. The Company owns or operates 31 network-affiliated broadcast television stations as well as related websites and mobile news applications. The Company’s network affiliations include twelve CBS stations, nine NBC stations, seven ABC stations, one FOX station, one CW station and one MyNetworkTV station. Media General’s stations operate across 28 markets, reaching approximately 16.5 million, or 14 percent, of U.S. TV households. The ownership, operation and sale of television stations are subject to the jurisdiction of the Federal Communications Commission, which acts under the authority granted by the Communications Act of 1934, as amended.

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