Stifel raised the firm’s price target on Limbach Holding (LMB) to $151 from $141 and keeps a Buy rating on the shares. Limbach announced the acquisition of Pioneer Power for $66.1M, which Stifel views favorably and as consistent with the strategic focus on expanding MSA presence throughout the East and Midwest, the analyst tells investors in a research note.
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Read More on LMB:
- Limbach Holdings Acquires Pioneer Power for $66.1 Million
- Limbach Holding acquires Pioneer Power for $66.1M to expand Midwest reach
- Limbach Holdings Approves Incentive Plan Amendment
- Limbach Holding price target raised to $141 from $130 at Stifel
- Limbach Holding price target raised to $127 from $100 at Roth Capital