Comfort Systems USA price target raised to $350 from $200 at DA Davidson

DA Davidson raised the firm’s price target on Comfort Systems USA to $350 from $200 and keeps a Buy rating on the shares. The company reported “strong” Q4 results and set an overall positive tone, the analyst tells investors in a research note. The firm is positive on Comfort Systems’ active pipeline, nominal debt, extraordinary returns, increasing margins, strong cash flows and exposures to attractive secular and semi-secular markets, giving the stock “more room to run”, DA Davidson added.