BofA raises Construction Partners PT on operational strength
ReutersFeb 24, 2026 12:43 PM
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
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