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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Read More on PWR:
- Quanta Services price target raised to $446 from $397 at Baird
- Quanta Services Reports Strong Q2 2025 Results
- Quanta Services acquires Dynamic Systems for $1.35B upfront
- Quanta Services Acquires Dynamic Systems for $1.35 Billion
- Quanta Services ups FY25 adjusted EPS view to $10.28-$10.88 from $10.05-$10.65