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From The Fly via TipRanks, January 26:
Stifel raised the firm’s price target on Quanta Services (PWR) to $517 from $495 and keeps a Buy rating on the shares. The firm sees opportunity for its electrical and mechanical contractor coverage to outperform consensus expectations in Q4, noting that its survey work found that overall activity improved sequentially and was ahead of expectations, the analyst tells investors.
Quanta Services initiated with an Overweight at Cantor Fitzgerald
Cantor Fitzgerald initiated coverage of Quanta Services (PWR) with an Overweight rating and $520 price target The Engineering & Construction sector is entering a multi-year investment cycle fueled by grid modernization, electrification, energy transition initiatives, and rising power demand from data centers and reshoring, while increasing utility capex is driving record backlogs, offering strong near-term revenue visibility and a durable long-term project pipeline, the analyst tells investors in a research note. Quanta Services is essential for a multi-year cycle of grid modernization, electrification, and rising power demand, Cantor says.
And:
Quanta Services price target raised to $540 from $526 at Citi
