Limbach price target lowered to $104 from $111 at Stifel

Stifel analyst Brian Brophy lowered the firm’s price target on Limbach (LMB) to $104 from $111 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.