Analyst Michael Feniger of Bank of America Securities reiterated a Buy rating on Construction Partners, with a price target of $147.00.
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Michael Feniger has given his Buy rating due to a combination of factors, including Construction Partners’ strong execution and outperformance versus peers. The company delivered a sharp jump in revenue and EBITDA, with notable margin expansion supported by solid project execution and favorable weather, which helped it stand out during a choppy earnings season for other infrastructure names.
Feniger also points to the company’s record backlog, healthy state DOT funding pipelines, and robust commercial demand tied to reshoring and Sunbelt growth as drivers of future visibility. In addition, rising free cash flow, a clear path to de‑leveraging while still pursuing M&A, and an increased price objective based on higher 2026 EBITDA expectations all support his view that the stock offers attractive upside relative to risk.
According to TipRanks, Feniger is a 5-star analyst with an average return of 9.0% and a 62.13% success rate. Feniger covers the Industrials sector, focusing on stocks such as Caterpillar, Deere, and Paccar.