Quanta Services price target raised to $540 from $526 at Citi

Citi raised the firm’s price target on Quanta Services (PWR) to $540 from $526 and keeps a Buy rating on the shares. The firm adjusted targets in the engineering and construction space ahead of the Q4 reports. Most in the group should report solid Q4 results with initial 2026 outlooks inline with consensus expectations, the analyst tells investors in a research note. Citi continues to preview companies with exposure to growing data center spending.