Emcor price target raised to $900 from $800 at DA Davidson

DA Davidson raised the firm’s price target on Emcor (EME) to $900 from $800 and keeps a Buy rating on the shares. The firm remains positive on the stock under the continued view the company can compound earnings at/near a mid-teens level over the next few years with a massive balance sheet to deploy toward growth opportunities and considerable leverage to DCs and complex facilities development, the analyst tells investors in a research note.