Limbach Holding price target raised to $125 from $100 at Lake Street
Lake Street raised the firm's price target on Limbach Holding (LMB) to $125 from $100 and keeps a Buy rating on the shares. The firm is increasing its estimates and price target to reflect the recent acquisition of Consolidated Mechanical and Limbach having demonstrated several quarters of margin and balance sheet improvement, adding that it believes this year is 'set to be a turning point for the company as reported revenue should start to show the underlying growth.'
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