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Quanta Services price target raised to $395 from $305 at DA Davidson

DA Davidson raised the firm’s price target on Quanta Services (PWR) to $395 from $305 and keeps a Neutral rating on the shares. The firm is increasing its estimates to reflect the company’s acquisition of Dynamic Systems in conjunction with earnings, the analyst tells investors in a research note. DA Davidson adds that it continues to like Quanta’s leverage to energy infrastructure themes, although organic revisions are somewhat modest.

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