Legence Corp. (LGN) shares are soaring 5.22% during Tuesday's intraday trading session following a positive analyst update.
The move comes after Stifel analyst Brian Brophy raised the firm's price target on Legence to $60 from $58 and maintained a Buy rating on the shares. The analyst cited the company's fourth-quarter performance, which came in above expectations, as a key factor for the upgraded outlook.
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