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Quanta Services price target raised to $400 from $354 at Northland

Northland analyst Gus Richard raised the firm’s price target on Quanta Services (PWR) to $400 from $354 and keeps a Market Perform rating on the shares after the company reported Q2 earnings ahead of consensus and raised its calendar year 2025 guidance. While the firm lifts estimates following the report, it remains sidelined due to valuation and regulatory risk, the analyst tells investors.

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