Piper Sandler analyst Kashy Harrison raised the firm’s price target on Quanta Services (PWR) to $360 from $286 and keeps an Overweight rating on the shares. The firm cites a solid quarter from Quanta Services as the company beat EBITDA expectations, raised financial guidance, and appears biased toward the higher end of the revised range. Regarding tariffs, Quanta Services possesses contractual protections which preserve margins; additionally, demand/activity from its customers has not been materially impacted.
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 price target raised to $375 from $330 at Argus
- Quanta Services price target raised to $363 from $306 at Stifel
- Quanta Services price target raised to $375 from $324 at Truist
- Quanta Services management to meet with Roth MKM
- Quanta Services price target raised to $352 from $316 at BMO Capital