Bernstein initiated coverage of Legence (LGN) with an Outperform rating and $38 price target which offers 24% upside. The company has exposure to “two mega themes” – the need to build energy-efficient infrastructure and the skilled labor shortage, the analyst tells investors in a research note. The firm sees this driving annual revenue growth of 11% for Legence through 2027, which is underappreciated in the current share price.
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Read More on LGN:
- Legence initiated with an Outperform at BMO Capital
- Legence initiated with a Buy at Goldman Sachs
- Hold Rating for Legence Corp.: Balancing High Growth Potential with Financial and Execution Risks
- Strategic Growth and Stability: Legence Corp.’s Buy Rating Driven by Data Center Demand and M&A Opportunities
- Legence Corp. Positioned for Significant Growth Amidst Energy Efficiency and Skilled Labor Trends