B. Riley analyst Rohit Seth last night initiated coverage of Construction Partners (ROAD) with a Neutral rating and $117 price target Construction Partners is a “best-in-class roll-up,” executing a proven playbook in the “structurally attractive” hot-mix asphalt industry, the analyst tells investors in a research note. However, the firm says at $117, the stock already embeds full achievement of the company’s 2030 targets.
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