Quanta Services price target raised to $580 from $537 at Mizuho

Mizuho raised the firm’s price target on Quanta Services (PWR) to $580 from $537 and keeps a Neutral rating on the shares ahead of the analyst day on March 31. The firm cites stronger medium-term revenue growth assumptions, supported by Quanta’s expansion in core markets and growth opportunity with data centers, for the target boost. However, Mizuho believes the stock “already discounts much of Quanta’s superior growth.”