Construction Partners Inc (ROAD) PT Raised to $130 at DA Davidson

DA Davidson analyst Brent Thielman raised the price target on Construction Partners Inc (NASDAQ: ROAD) to $130.00 (from $120.00) while maintaining a Neutral rating.

The analyst commented, "Increased guidance appears to exude confidence that slower F1Q org. growth and likely some degree of F2Q weather challenges will not derail ROAD's initial expectations for F26. We bump estimates/PT modestly. Legislative activity in Washington, org. growth/bookings trends and M&A activity are likely key focus areas NT. We remain NEUTRAL."

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