BofA raises Construction Partners PT on operational strength

Construction Partners

24/02/2026 12:43

** 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

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))