Emcor price target raised to $800 from $725 at DA Davidson

DA Davidson raised the firm’s price target on Emcor (EME) to $800 from $725 and keeps a Buy rating on the shares. The company’s Q3 results didn’t meet the elevated expectations apparent in the shares in advance of results, with a combo of selective project noise in Electrical and mix in Mechanical lending some short-term disparities, but RPOs continued to grow and the fundamental backdrop hasn’t changed, the analyst tells investors in a research note.