Stifel analyst Brian Brophy raised the firm’s price target on Legence (LGN) to $77 from $60 and keeps a Buy rating on the shares. The main takeaways from the firm’s Q1 electrical and mechanical contractor survey include that overall project activity improved sequentially and was ahead of expectations and that data centers remain an area of significant relative strength, the analyst tells investors in a note on the group.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LGN:
- Legence price target raised to $72 from $63 at Goldman Sachs
- Legence 13.4M share Secondary priced at $54.00
- Morning Movers: Soleno pops, Neurocrine dips after acquisition agreement
- Legence files to sell 11M shares of Class A common stock for holders
- Legence price target raised to $60 from $58 at Stifel