Emcor upgraded by Goldman Sachs as data center boom outpaces building slump (EME:NYSE)

Core Viewpoint - Goldman Sachs upgraded Emcor Group (NYSE:EME) from Sell to Neutral due to faster-than-expected growth in data center revenues, which have mitigated the weakness in the broader non-residential construction sector [2] Company Summary - The upgrade reflects a positive shift in the outlook for Emcor Group, driven by strong performance in data center revenues [2] - Analyst Adam Bubes highlighted that the growth in data center revenues was unexpected and significant enough to influence the overall rating [2]