BUZZ - Truist initiates coverage on Cardinal Infra with a "Buy" rating; stock rises

September 25 - ** Truist initiates coverage on construction services company Cardinal Infrastructure (CDNL.O) with a "Buy" rating

** Shares rise 1.9% amid choppy trading, closing at $28.1

** The broker believes the company's acquisition-driven integration strategy will drive growth while expanding its business footprint into new markets at an attractive valuation

** Notes the company has significant expansion potential in the Southeast region and sees recent share price weakness as obscuring long-term growth opportunities

** Five brokers covering the stock give it a "Buy" or higher rating; median price target is $53.5

** Including the day's gains, shares are up 15.5% year-to-date

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