DA Davidson analyst Brent Thielman raised the firm’s price target on Emcor (EME) to $725 from $515 and keeps a Buy rating on the shares. The firm continues to see a very healthy slate of opportunities for Emcor following a strong Q2 and good bookings activity, the analyst tells investors in a research note. Emcor’s balance sheet is also in a solid position, with cash flow ramping in the second half, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EME: