Texas Capital analyst Alex Rygiel initiated coverage of Quanta Services (PWR) with a Buy rating and $437 price target Quanta is the largest U.S. company providing engineering, construction and maintenance services to the electric power market, the analyst tells investors in a research note. The firm sees the company benefitting from grid expansion and increasing power demand. It views Quanta as a core position for investors seeking broad energy exposure.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PWR:
- Quanta Services Issues $1.5 Billion in Senior Notes
- Quanta Services Announces $1.5 Billion Senior Notes Offering
- Quanta Services: Strategic Acquisition and Growth Outlook Drive Buy Rating
- Quanta Services price target raised to $432 from $411 at Stifel
- Quanta Services price target raised to $472 from $375 at Truist