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Fly News Breaks for March 2, 2020
EME
Mar 2, 2020 | 08:46 EDT
Maxim analyst Tate Sullivan lowered the firm's price target on Emcor to $87 from $95 and keeps a Hold rating on the shares after its Q4 earnings and FY20 guidance last week. The analyst is cautioned by the potential for lower demand from its refining customers after the management discussed a consolidating customer base in Texas and a decline in shipments of new heat exchangers during its earnings call.
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