BofA raised the firm’s price target on Legence (LGN) to $55 from $46 and keeps a Buy rating on the shares. With the closing of the Bowers acquisition on January 2 the firm is now incorporating the deal into its 2026 and 2027 estimates and raising its 2026/27 EBITDA forecasts.
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Read More on LGN:
- Legence Corp. Buy Rating: Capitalizing on Structural Labor Shortages, Dual Investment Cycles, and Accretive M&A for Enhanced Growth and Valuation
- One new option listing on January 9th
- Legence Corp. Completes Strategic Acquisition of Bowers Group
- Jefferies power/utilities/energy analysts hold analyst/industry conference call
- Legence 8.4M share Secondary priced at $45.00
