Evercore ISI analyst Nicholas Amicucci raised the firm’s price target on Quanta Services (PWR) to $480 from $410 and keeps an Outperform rating on the shares. Quanta’s recent quarter was a standout, delivering a clean beat-and-raise, highlighting the company’s robust position in the energy market, the analyst tells investors in a research note. The firm added that the company’s strategic focus on holistic power solutions and energy storage is paying off, with significant upside potential as demand dynamics evolve.
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