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Fly News Breaks for October 28, 2019
FIX
Oct 28, 2019 | 08:29 EDT
DA Davidson analyst Brent Thielman raised his price target on Comfort Systems USA to $60 and kept his Buy rating after its better than expected Q3 results, saying the concerns about its acquisition of Walker TX Holding should subside following this quarter. The analyst further notes that an easing in amortization associated with the deal and improved pricing will yield further margin expansion, with a return to organic growth over the near term also supporting an increase in his assumed earnings multiple to 17-times his FY20 expectations.
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