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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIX: