Quanta Services price target raised to $805 from $627 at JPMorgan

JPMorgan raised the firm’s price target on Quanta Services (PWR) to $805 from $627 and keeps an Overweight rating on the shares. The company reported a strong Q1 report, beating across every key metric, the analyst tells investors in a research note. The firm says Quanta’s backlog reached a new record and management’s tone remains confident.