Bernstein initiated coverage of Legence (LGN) with an Outperform rating and $38 price target which offers 24% upside. The company has exposure to “two mega themes” – the need to build energy-efficient infrastructure and the skilled labor shortage, the analyst tells investors in a research note. The firm sees this driving annual revenue growth of 11% for Legence through 2027, which is underappreciated in the current share price.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LGN:
- Legence initiated with an Outperform at BMO Capital
- Legence initiated with a Buy at Goldman Sachs
- Hold Rating for Legence Corp.: Balancing High Growth Potential with Financial and Execution Risks
- Strategic Growth and Stability: Legence Corp.’s Buy Rating Driven by Data Center Demand and M&A Opportunities
- Legence Corp. Positioned for Significant Growth Amidst Energy Efficiency and Skilled Labor Trends