Limbach initiated with a Neutral at JPMorgan

JPMorgan initiated coverage of Limbach (LMB) with a Neutral rating and $100 price target which offers 20% potential upside. Limbach is a leading building systems solutions provider, offering facility maintenance, engineering, and project management for mission-critical infrastructure, the analyst tells investors in a research note. The firm views the company’s long-term potential as strong, but cites valuation for the Natural rating, seeing a balanced risk/reward.