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Comfort Systems USA initiated with a Buy at Stifel
The Fly

Comfort Systems USA initiated with a Buy at Stifel

Stifel initiated coverage of Comfort Systems USA (FIX) with a Buy rating and $524 price target as part of a broader note initiating coverage of electrical & mechanical and engineering & construction companies. Stifel likes the leading, fast-growing modular construction business, where it believes multiple large hyperscalers are key customers, and also likes the focus on non-union markets, which tend to grow faster, the analyst tells investors in a research note. Stifel estimates that Comfort Systems has the most data center and manufacturing mix of the group and notes that the company also has a strong M&A and capital allocation track record.

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