Comfort Systems USA initiated with a Buy at GLJ Research

GLJ Research initiated coverage of Comfort Systems USA (FIX) with a Buy rating and $2,001 price target The firm said that backlog adds and ramping incremental margins emphasize that demand dis there for this “best-in-class” capacity provider. The firm added that it views the next leg of revisions as bookings driven as Comfort Systems demonstrates the continued bookings momentum to justify funding modular capacity increases out of customer advances.