Legence Corp. Class A Common stockLGN
▲ PositiveCapitalrelevance
Multiple analyst price target upgrades (Barclays, Tigress, BofA) and strong backlog growth to $5.4B.
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Legence Corp. Class A Common stockBarclays raised its price target on Legence Corp. to $80 from $60 while maintaining an Equal Weight rating. The firm cited May machinery and construction data that showed strong dollar activity but weak volumes, noting growth remains concentrated in AI while infrastructure is supportive but normalizing. Earlier, Tigress Financial raised its target to $125 from $85 with a Buy rating, and BofA raised its target to $105 from $90 also with a Buy rating after Legence reported a strong first quarter and backlog expanded to $5.4 billion from $3.7 billion.
Legence Corp. Class A Common stockMultiple analyst price target upgrades (Barclays, Tigress, BofA) and strong backlog growth to $5.4B.