Goldman Sachs late Monday raised its rating on Emcor Group (NYSE:EME) to Neutral from Sell, citing faster-than-expected growth in data center revenues that have offset weakness in broader non-residential construction. Analyst Adam Bubes noted that when Goldman initiated coverage with ...

This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. The construction planning pipeline surged once more to close out the summer, an indicator contractors could see new projects break ground by late 2026. The Dodge Momentum Index, which tracks nonresidential projects entering the planning stages and leads actual construction spending by a full year, jumped 7.5% in August. Commercial planning increased 8.7%, a ...