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NASDAQ:ROAD 6 February 2026

Construction Partners stock rises after outlook hike, DA Davidson lifts target to $130

Construction Partners stock rises after outlook hike, DA Davidson lifts target to $130

Construction Partners shares rose 1.2% to $129.13 Friday after DA Davidson raised its price target to $130. The move followed a quarterly report showing net income of $17.2 million, revenue of $809.5 million, and a record $3.09 billion backlog. The company lifted its 2026 revenue outlook to as high as $3.56 billion. Granite Construction and Sterling Infrastructure shares also gained.
6 February 2026

Stock Market Today

  • Dollar Weakness Boosts Cocoa Futures Amid Mixed Supply and Demand Signals
    March 19, 2026, 2:47 PM EDT. Cocoa futures edged higher as a weakening dollar triggered short covering, lifting March ICE NY cocoa by 0.37% and December ICE London cocoa by 0.33%. Early losses followed EU's one-year delay of the deforestation law aimed at regulating agricultural imports, maintaining ample cocoa supplies. However, support came from a 3.7% drop in Ivory Coast cocoa shipments, the world's largest producer, and shrinking ICE cocoa inventories hitting an 8.25-month low. Optimistic West African crop forecasts contrast with weak global demand, highlighted by disappointing US Halloween chocolate sales and significant declines in Asian and European cocoa processing. The US lifted tariffs on cocoa and other commodities from Brazil, affecting pricing dynamics. Overall, cocoa markets balance reduced supply arrivals and inventory drawdowns against muted demand and regulatory delay.
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