Legence price target raised to $62 from $55 at BofA

BofA analyst Sherif El-Sabbahy raised the firm’s price target on Legence (LGN) to $62 from $55 and keeps a Buy rating on the shares after the company reported what the firm calls “a second set of solid results as a public firm.” The firm raised its topline estimates 9% on the updated outlook, while its EBITDA estimates increase 10%-14%, the analyst noted.