BofA analyst Michael Feniger raised the firm’s price target on Construction Partners (ROAD) to $117 from $107 and keeps a Buy rating on the shares. The firm believes a higher multiple is warranted given positive demand and price vs. cost, the analyst tells investors in a research note.
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Read More on ROAD:
- Construction Partners: Strong Growth Potential and Strategic Positioning Justify Buy Rating
- Strategic Expansion and Increased Funding Boost Construction Partners’ Growth Prospects
- Construction Partners price target raised to $104 from $102 at Baird
- Construction Partners Reports Strong Q2 Growth and Raises Outlook
- Construction Partners’ Earnings Call Highlights Robust Growth
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