Roth Capital Downgrades Limbach Holdings (LMB) to Neutral

Roth Capital analyst Gerry Sweeney downgraded Limbach Holdings (NASDAQ: LMB) from Buy to Neutral with a price target of $5.00 (from $17.00).

The analyst comments "While LMB’s core businesses continue to grow and improve margins, we are downgrading the stock to Neutral. Write downs in the Mid-Atlantic region increased again in the Q3’18 by $9.6mm for a total of $16.8mm YTD. While backlog and end markets portend a healthy 2019, concerns over debt refinancing and year-end tax selling could levy additional stress near term."

For an analyst ratings summary and ratings history on Limbach Holdings click here. For more ratings news on Limbach Holdings click here.

Shares of Limbach Holdings closed at $4.85 yesterday.

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