Quanta Services price target raised to $432 from $411 at Stifel

Stifel analyst Brian Brophy raised the firm’s price target on Quanta Services (PWR) to $432 from $411 and keeps a Buy rating on the shares. Results were above expectations on Electric Infrastructure upside, notes the analyst, who “applauds the pace of quality deal activity,” which includes the acquisition of Dynamic Systems to expand into the mechanical space, a minority interest investment into a producer of wooden utility poles, and two other tuck-ins.