BMO Capital analyst Ameet Thakkar upgraded Quanta Services (PWR) to Outperform from Market Perform with a price target of $650, up from $600. The firm has an “increasingly bullish” outlook for transmission, distribution and generation investment. Spending trends for electric and AI infrastructure continue exceeding expectations, the analyst tells investors in a research note. BMO thinks Quanta’s investor day next week could support a constructive view of the shares.
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