Comfort Systems USA price target lowered to $471 from $577 at Stifel

Stifel lowered the firm’s price target on Comfort Systems USA (FIX) to $471 from $577 and keeps a Buy rating on the shares. Q4 results were ahead of expectations across both the top and bottom-lines, but despite the “quite strong” quarterly performance, the firm believes a negative share price reaction was due to a number of factors. These include general market weakness; high expectations; a slight decline in Q4 implied orders; a slight adjustment to the 2025 revenue growth outlook; and a continuation of near-term uncertainty regarding the upside case for data center power and cooling demand following DeepSeek, the analyst tells investors.