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Comfort Systems USA price target raised to $512 from $471 at Stifel

Stifel analyst Brian Brophy raised the firm’s price target on Comfort Systems USA (FIX) to $512 from $471 and keeps a Buy rating on the shares. After having recently hosted CFO Bill George to investor meetings, the firm continues to believe Comfort Systems is well positioned to take advantage of a number of secular themes impacting the space, the analyst tells investors. The firm believes the company’s scale, modular business, and focus on non-union markets across the South all position its to see outsized benefits from the themes of structural skilled labor constraints, data center investments amongst hyperscalers to support AI and cloud investments, and on-shoring of manufacturing, the analyst added.

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