Stifel raises Limbach Holdings stock price target on revenue beat

Stifel raised its Limbach Holdings price target to $81 from $75 and maintained a Buy rating, citing better-than-expected Q3 2026 revenue and growth prospects. Organic growth was approximately 14% year over year, including 54% in GCR, while backlog rose 87%; Limbach expects revenue and adjusted EBITDA near the high end of prior guidance. Q3 adjusted EPS of $1.37 and revenue of $230.5 million beat estimates of $1.21 and $218.59 million, respectively, and adjusted EBITDA reached a record $27.4 million.