Stifel raised the firm’s price target on Quanta Services (PWR) to $654 from $647 and keeps a Buy rating on the shares. The main takeaways from the firm’s Q1 electrical and mechanical contractor survey include that overall project activity improved sequentially and was ahead of expectations and that data centers remain an area of significant relative strength, the analyst tells investors in a note on the group.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PWR:
- 3 ‘Strong Buy’ Technology ETFs with Attractive Upside Potential
- Quanta Services: Cautious Guidance, Strong EPS Growth Outlook and Cash‑Fueled M&A Support Buy Rating
- Quanta Services: Durable Moat, Vertical Integration, and 2030 Targets Underpin Buy Rating and Path to $100B+ Industrial Scale
- Quanta Services price target raised to $580 from $537 at Mizuho
- Quanta Services upgraded to Outperform from Market Perform at BMO Capital