BUZZ-BofA raises Construction Partners PT on operational strength
Reuters02-24
BUZZ-BofA raises <a href="https://laohu8.com/S/ROAD">Construction Partners</a> PT on operational strength
** BofA Global Research lifts price objective on civil infrastructure firm Construction Partners ROAD.O to $147 from $115, reiterates rating at "buy"
** New PT implies an upside of 12.6% from the stock's last close
** BofA says co's strong momentum and margin gains position it well for continued outperformance despite a mixed macro environment
** Adds ROAD's strong free cash flow and upgraded FY26 outlook position it to deleverage and continue growing through M&A activities
** Four of 6 brokerages rate the stock " strong buy" and two "hold"; their median PT is $142 - data compiled by LSEG
** As of last close, stock had risen 20.3% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments