Wall Street Journal - May 13, 2009EMCOR Group, Inc. (EME)
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Joseph Ritchie
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Goldman SachsAs a registered user of The Wall Street Journal Online, you will be able to: Setup and manage your portfolio Personalize your own news page Receive and manage newsletters .NEW YORK (Dow Jones) Shares of Emcor Group Inc (
EME) fell as much as 10% Wednesday after a Goldman Sachs analyst cut the company's rating because of its exposure to a drop in nonresidential construction.
"It is a late cycle player in the nonresidential construction industry, which we believe is still in the early stages of its downturn," Goldman Sachs' Joe Ritchie wrote in a note to clients. Ritchie said private non residential construction only turned negative in January, and in the previous two recessions ..Copyright 2009 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non commercial use only.
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As a registered user of The Wall Street Journal Online, you will be able to: Setup and manage your portfolio Personalize your own news page Receive and manage newsletters .NEW YORK (Dow Jones) Shares of Emcor Group Inc (<span class="company">EME</span>) fell as much as 10% Wednesday after a Goldman Sachs analyst cut the company's rating because of its exposure to a drop in nonresidential construction. <span class="sent"> "It is a late cycle player in the nonresidential construction industry, which we believe is still in the early stages of its downturn," Goldman Sachs' <span class="analyst">Joe Ritchie</span> wrote in a note to clients. </span> Ritchie said private non residential construction only turned negative in January, and in the previous two recessions ..Copyright 2009 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non commercial use only.
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