Legence price target raised to $60 from $58 at Stifel

Stifel analyst Brian Brophy raised the firm’s price target on Legence (LGN) to $60 from $58 and keeps a Buy rating on the shares. Q4 came in above expectations on strength in Data Centers and Technology and new buildings, primarily data centers, notes the analyst, who also points out that Legence outlined Q1 guidance that was notably ahead of expectations and likely reflects the strong award activity in Q4.