Emcor elevated to ‘Best-of-Breed Bison’ at DA Davidson

DA Davidson raised the firm’s price target on Emcor to $250 from $235 and keeps a Buy rating on the shares. The firm has also named the stock to its Best-of-Breed Bison initiative, seeking out companies offering an enduring competitive moat, a sizable addressable market with favorable long-term trends, and a compelling risk/reward. The analyst states that Emcor is among the largest specialty contractors in the U.S., noting that while the company’s market capitalization now exceeds $10B, its historical financial accolades, track record and above-400% equity return over the last decade still flies a bit under the radar of Wall Street.