Tigress Financial raised the firm’s price target on Legence (LGN) to $85 from $60 and keeps a Buy rating on the shares. Legence is uniquely positioned to deliver outsized returns as the premier indirect beneficiary of the explosive AI-driven data center build-out supercycle, with data centers now representing 49% of its record $3.7B backlog, the analyst tells investors in a research note.
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