Comfort Systems USA price target raised to $1,140 from $875 at UBS

UBS analyst Joshua Chan raised the firm’s price target on Comfort Systems USA (FIX) to $1,140 from $875 and keeps a Buy rating on the shares. Comfort Systems posted a strong Q3, with backlog increasing sequentially by more than $1B for the second consecutive quarter, the analyst tells investors in a research note. The strong results and even stronger backlog expansion indicate a robust demand pipeline of technology and manufacturing projects which continues to exceed a constrained labor supply, the firm says.