Jefferies analyst Julien Dumoulin-Smith initiated coverage of Legence (LGN) with a Hold rating and $34 price target The firm says the company’s faster growth than peers is offset by little margin expansion and below-average free cash flow generation. These will likely constrain the stock’s near-term multiple expansion, the analyst tells investors in a research note.
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Read More on LGN:
- Legence initiated with an Outperform at BMO Capital
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