Emcor initiated with a Buy at UBS

UBS initiated coverage of Emcor (EME) with a Buy rating and $570 price target The company is “poised to outgrow a choppy non-residential construction backdrop,” the analyst tells investors in a research note. The firm believes Emcor’s visibility to continued strong earnings growth in 2026 and 2027 is not sufficiently priced into the shares. UBS sees at least a 7% organic revenue annually through 2027 for the company’s construction businesses, driven by structural investment themes, most notably data centers, semiconductor fabs, and pharmaceutical plants.