Quanta Services price target raised to $851 from $713 at Truist

Truist analyst Jamie Cook raised the firm’s price target on Quanta Services (PWR) to $851 from $713 and keeps a Buy rating on the shares after its Q1 earnings beat and guidance raise. Electric Infrastructure sales increased 22% year over year, reflecting broad-based demand across the segment, with acquisitions contributing $460M in the quarter, the analyst tells investors in a research note. Truist adds that it sees upside to the year, supported by confidence in bookings and Quanta’s competitive positioning across the entire power value chain.