Stifel Hikes Comfort Systems USA (FIX) Price Target amid Robust Organic Growth

Comfort Systems USA, Inc. (NYSE:FIX) is one of the top industrial stocks to buy amid easing tariff uncertainties. On July 28, Stifel reiterated a ‘Buy’ rating on the stock and hiked the price target to $746 from $581. The price hike comes as the stock shows remarkable momentum, with a gain of over 120% in the past year.

The positive stance and price hikes also follow the company’s delivery of solid second-quarter results, with revenue increasing 20% year over year. The company experienced robust growth, benefiting from 18.5% organic growth and 1.5% from acquisitions. Comfort Systems also benefited from technology end markets, especially in data centers, which drove significant development with a 66% year-over-year increase.

Comfort Systems USA is also expanding its modular capacity, which currently stands at 2.7 million square feet. Its total capacity is poised to reach 3 million square feet early next year. Amid its expansion spree, the company has raised its revenue guidance, projecting mid-teens growth, up from the previous high single-digit growth.

Comfort Systems USA, Inc. (NYSE:FIX) is an industrial company that provides mechanical, electrical, and plumbing (MEP) systems for commercial and industrial buildings. Its expertise spans various sectors, including commercial, industrial, and institutional buildings, as well as modular construction.

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Disclosure: None. This article is originally published at Insider Monkey.