Legence initiated with a Buy at GLJ Research

GLJ Research initiated coverage of Legence (LGN) with a Buy rating and $99 price target The firm is positive on the company’s increasingly pivotal role in addressing integration undercapacity for data center cooling end-customers, the analyst tells investors in a research note. GLJ adds that its channel checks on Legence’s large hyperscaler and colocation sponsor customers quantify this accelerating demand path as it believes that the Street may be missing upside to Legence’s 2026 guidance.