Comfort Systems USA added to DA Davidson ‘Best of Breed Bison’ list

DA Davidson raised the firm’s price target on Comfort Systems USA (FIX) to $465 from $440 and keeps a Buy rating on the shares. The firm is also adding the stock to its “Best-of-Breed Bison” which filters for best in class companies with sustainable moats and favorable risk / reward dynamics. The firm is positive on the company’s “very strong” backlog/bookings in Q1, also noting that its constructive management feedback around customer activity and business pipeline should ease concerns for now, the analyst tells investors in a research note. Comfort Systems USA isn’t completely immune to any sustained economic uncertainty/weakness, although the company is well positioned for a variety of outcomes, the firm adds.