Analyst Joshua Chan of UBS maintained a Buy rating on Comfort Systems, boosting the price target to $875.00.
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Joshua Chan has given his Buy rating due to a combination of factors, including the strong demand environment and the company’s strategic positioning. The management’s optimistic outlook, as expressed by FIX’s COO and CAO, highlights a robust project pipeline extending into late-2026 for traditional construction and mid-2027 for modular projects. This visibility is further supported by a strong bidding pipeline and ongoing construction activities.
Additionally, the company is experiencing significant growth in its organic backlog, particularly driven by demand in the datacenter sector, with other markets like pharmaceuticals and manufacturing also showing strength. The planned expansion of modular capacity and the structural skilled labor shortage in the U.S. are expected to further bolster FIX’s growth prospects. Despite the recent share price performance, Chan remains positive about continued growth, margin improvements, and potential M&A activities, leading to an increased price target of $875.