Legence price target raised to $115 from $106 at Guggenheim

Guggenheim raised the firm's price target on Legence to $115 from $106 and keeps a Buy rating on the shares. Legence's 2026 guidance appears conservative, with backlog strength and long-term revenue potential supporting upside to 2027-2028 estimates, while its broad national footprint should help offset any slowdown from the canceled QTS Digital Gateway project in Virginia, the analyst tells investors in a research note.