Baird upgraded Construction Partners (ROAD) to Outperform from Neutral with a price target of $122, up from $112. The firm believes the company’s recent large acquisitions in Texas and Tennessee are higher margin than previously believed. Baird says its materially increased estimates indicates Construction Partners shares are attractively valued. It believes the company will announced long-term financial targets soon, a potential catalyst for the stock.
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Read More on ROAD:
- Construction Partners Reports Strong Q3 2025 Growth
- Construction Partners reports Q3 adjusted EPS 81c, consensus 82c
- Construction Partners backs FY25 revenue view $2.77B-$2.83B, consensus $2.78B
- Construction Partners Acquires Two Companies in Houston Expansion
- Construction Partners price target raised to $112 from $104 at Baird