DA Davidson analyst Brent Thielman raised the firm’s price target on Construction Partners (ROAD) to $120 from $110 and keeps a Neutral rating on the shares. The firm is positive on the company’s better than expected initial FY26 guidance, remaining neutral on the stock but also monitoring underlying activity levels in some of its markets, the analyst tells investors in a research note.
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Read More on ROAD:
- Construction Partners Reports Record Revenue and Profitability
- Construction Partners sees FY25 revenue $2.800B-$2.820B, consensus $2.8B
- Construction Partners sees FY26 revenue $3.400B-$3.500B, consensus $3.29B
- Construction Partners Acquires P&S Paving for Expansion
- Construction Partners Completes Acquisition of Asphalt Plants