Comfort Systems USA price target raised to $810 from $630 at DA Davidson

DA Davidson raised the firm’s price target on Comfort Systems USA (FIX) to $810 from $630 and keeps a Buy rating on the shares after its Q2 earnings beat. The company reported an “outstanding” quarter that was highlighted by strong organic growth, margin expansion, bookings/book-to-bill, and evident visibility via customer discussions into subsequent years, the analyst tells investors in a research note. The stock’s fundamental strength in the business – including favorable trade labor leverage amidst unique demand drivers – can’t be denied and upside levers remain, the firm added.