Limbach Holding price target raised to $42 from $27 at Lake Street

Lake Street analyst Rob Brown raised the firm’s price target on Limbach Holding to $42 from $27 and keeps a Buy rating on the shares after Q2 results that the firm said “showed strong operating margin improvement.” Shares have closed some of the valuation discount to peers as Limbach has shown several quarters of margin and balance sheet improvement, but “it still trades at discount to peers, which we believe is unwarranted,” the analyst tells investors.