Citi analyst Andrew Kaplowitz raised the firm’s price target on Quanta Services (PWR) to $492 from $432 and keeps a Buy rating on the shares. The firm believes most engineering and construction companies are positioned to meet or beat Q2 consensus estimates. Citi sees “healthy” demand trends and regulatory stabilization following the One Big Beautiful Bill. It upped price targets across the group into the Q2 reports.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PWR:
- Quanta Services downgraded to Market Perform from Outperform at Bernstein
- Quanta Services price target raised to $474 from $413 at UBS
- Quanta Services price target raised to $392 from $345 at JPMorgan
- Quanta Services price target raised to $440 from $370 at BofA
- Quanta Services Positioned for Growth Amid Rising Utility Infrastructure Investments and Outsourcing Trends