Limbach Holding price target raised to $18 from $12.50 at Roth MKM

Roth MKM analyst Gerry Sweeney raised the firm’s price target on Limbach Holding to $18 from $12.50 and keeps a Buy rating on the shares. The company’s Q4 profitability exceeded the firm’s model as its ODR segment continues to expand and GCR is contracting, the analyst tells investors in a research note. As the ODR percentage of revenue and profitability expands, this should also drive multiple expansion, the firm added.