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Fly News Breaks for March 7, 2019
EME
Mar 7, 2019 | 07:55 EDT
Maxim analyst Tate Sullivan raised his price target on Emcor to $73 and also raised his FY19 EPS view to $5.32 from $5.07, citing growth in the backlog reported by most construction contractors in the recent quarter. The analyst also keeps his Hold rating on the shares to reflect the risk of lower margins for general contractors after some of the company's business segments achieved all-time highs in operating margins in 2017.
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