Emcor sinks as Goldman hits with Sell rating, citing cyclical headwinds

Engineer Teamwork Concept,Worker team join hands together in construction site.

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Emcor (NYSE:EME) -4.6% in Friday’s trading as Goldman Sachs initiates coverage with a Sell rating and $445 price target, saying non-residential construction leading indicators point to a pending slowdown in end markets that have driven the company’s strong organic growth.

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