Oppenheimer Initiates Coverage of EMCOR (EME) with Outperform

EMCOR Group, Inc. (NYSE:EME) is one of the 10 Best Data Center Stocks with Huge Upside Potential.

On May 28, 2026, Oppenheimer analyst Brent Thielman initiated coverage of EMCOR Group, Inc. (NYSE:EME) with an Outperform rating and a $1,100 price target. Thielman viewed EMCOR as one of the “higher quality” public infrastructure services companies, citing its exposure to the reacceleration of high-tech manufacturing projects and data center development. Oppenheimer also sees EMCOR as a long-term compounder with acquisition optionality.

Baird also raised the firm’s price target on EMCOR Group, Inc. (NYSE:EME) to $900 from $808 and maintained an Outperform rating on the shares. Baird updated its model following Q1 results and said guidance still looks fairly conservative.

Last month, EMCOR Group, Inc. (NYSE:EME) reported Q1 EPS of $6.84, ahead of the consensus estimate of $5.90. Revenue totaled $4.63B, above the consensus estimate of $4.2B. Chairman, President, and CEO Tony Guzzi said EMCOR started the year well, with record quarterly revenue and strong operating performance across key market sectors and geographies. Guzzi also said Remaining Performance Obligations reached record levels again, supported by the quality and diversity of bookings during the quarter.

EMCOR Group, Inc. (NYSE:EME) provides electrical and mechanical construction, facilities, building, and industrial services in the United States and the United Kingdom.

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