Legence price target raised to $47 from $36 at Stifel

Stifel analyst Brian Brophy raised the firm’s price target on Legence (LGN) to $47 from $36 and keeps a Buy rating on the shares. Q3 revenue was above expectations, driven by strength in Data Centers & Technology, notes the analyst, who views the Bowers deal and progress on third-party fabrication sales “quite favorably.”