Quanta Services price target raised to $360 from $331 at Evercore ISI

Evercore ISI analyst Durgesh Chopra raised the firm’s price target on Quanta Services (PWR) to $360 from $331 and keeps an Outperform rating on the shares following “another solid quarter” in Q1. The earnings showed Quanta beating on adjusted EPS expectations, and showed increased FY25 guidance. Additionally, the analyst noted that Quanta’s contracts are “structured in such a way to limit exposure to direct cost increases,” hence the company “does not see any meaningful potential tariff related headwinds in the near-term.”