Legence price target raised to $100 from $63 at BMO Capital

BMO Capital raised the firm’s price target on Legence (LGN) to $100 from $63 and keeps an Outperform rating on the shares. The stock remains an attractive option for investors looking to gain exposure to the AI infrastructure/data center build-out, the analyst tells investors in a research note. The company’s organic growth is accelerating, there is upside to margins/profitability, and the business has significant flexibility to augment growth via M&A, the firm added.