Freedom Broker Downgrades IES Holdings (IESC) to Hold
Freedom Broker analyst Sergey Glinyanov downgraded IES Holdings (NASDAQ: IESC) from Buy to Hold, PT $700.00.
The analyst comments "The second quarter of fiscal 2026 confirmed IES Holdings’ continued expansion in non-residential markets, driven by projects in data centers, electrical infrastructure, and engineered solutions. The increase in backlog improves revenue visibility, while Residential remains under pressure from a weak housing market and rising costs. Given the strong industry backdrop but more limited upside following the stock’s sharp rally, we downgrade the rating to “Hold” and raise our price target to $700."
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Shares of IES Holdings closed at $626.42 yesterday.