Stock analysts at DA Davidson initiated coverage on shares of Legato Merger Corp. II (NASDAQ:LGTO – Get Rating) in a report issued on Monday, The Fly reports. The firm set a "buy" rating and a $13.00 price target on the stock. DA Davidson's price objective would indicate a potential upside of 29.22% from the stock's current price.
Legato Merger Corp. II Price Performance
NASDAQ:LGTO opened at $10.06 on Monday. Legato Merger Corp. II has a 1-year low of $9.73 and a 1-year high of $10.15. The firm has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $9.95.
Get Legato Merger Corp. II alerts:Hedge Funds Weigh In On Legato Merger Corp. II
Hedge funds and other institutional investors have recently made changes to their positions in the company. Aristeia Capital LLC bought a new position in shares of Legato Merger Corp. II in the first quarter valued at $4,960,000. Omni Event Management Ltd acquired a new stake in Legato Merger Corp. II during the 1st quarter valued at $2,868,000. Context Capital Management LLC acquired a new stake in Legato Merger Corp. II during the 1st quarter valued at $7,440,000. P Schoenfeld Asset Management LP acquired a new stake in Legato Merger Corp. II during the 1st quarter valued at $1,240,000. Finally, Picton Mahoney Asset Management acquired a new stake in Legato Merger Corp. II during the 1st quarter valued at $2,480,000.
About Legato Merger Corp. II
(Get Rating)Legato Merger Corp. II does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on businesses in the infrastructure, engineering and construction, industrial, and renewables industries.
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