Legence price target raised to $46 from $35 at BofA

BofA analyst Sherif El-Sabbahy raised the firm’s price target on Legence (LGN) to $46 from $35 and keeps a Buy rating on the shares, stating that the company reported “a strong set of results” in its first quarter of public reporting. Following the report, the firm raised topline estimates 5%-9% and its EBITDA estimates increase 9%-13%, the analyst tells investors.