KeyBanc raised the firm’s price target on Tetra Tech (TTEK) to $41 from $34 to reflect a reduced risk profile, and a cleaner growth and higher margin story going forward. The firm keeps an Overweight rating on the shares. KeyBanc notes the firm reported results above its estimates, 10 bps of EBITDA margin expansion year-over-year despite 30-50 bps impact from USAID cancelations and guided higher for FY25.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTEK: