Quanta Services price target raised to $465 from $440 at BofA

BofA raised the firm’s price target on Quanta Services (PWR) to $465 from $440 and keeps a Buy rating on the shares. Quanta reported “another strong set of results” in Q2 and raised its outlook 3%, citing the acquisition of Dynamic Systems (DSI) as well as momentum across its core markets, notes the analyst. Investing in adjacencies and insourcing its supply chain is serving to cement Quanta’s position as “the premier solutions provider in the space,” the analyst tells investors.