Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Legence (LGN) to $60 from $54 and keeps a Buy rating on the shares. AI infrastructure momentum and the recent Bowers Group acquisition will further accelerate revenue and cash flow growth, argues the analyst, who notes that the firm’s raised target represents a potential return of 25%.
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Read More on LGN:
- Legence price target raised to $55 from $46 at BofA
- 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
