Limbach Holding price target raised to $41 from $36 at Roth MKM

Roth MKM raised the firm’s price target on Limbach Holding to $41 from $36 and keeps a Buy rating on the shares. The company reported a “very good quarter” both Owner Direct Relationships – ODR – and General Contractor Relationship – GCR – segments, the analyst tells investors in a research note. ODR focuses on integrating itself into buildings owners op-ex and cap-ex budgets while creating long-term and highly sticky relationships with an excellent margin profile, and GCR’s focus on project selection drove excellent margins even after backing out discrete gains, the firm added.