DA Davidson raised the firm’s price target on Quanta Services (PWR) to $295 from $260 and keeps a Neutral rating on the shares after its Q3 earnings beat. The firm’s 2025 forecasts improve as it believes that the company should continue to leverage prevailing tailwinds in electrical delivery, power generation development and complex facilities buildout, though it also sees these prospects being appropriately captured in estimates, the analyst tells investors in a research note.
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Read More on PWR:
- Quanta Services price target raised to $333 from $320 at Baird
- Quanta Services Reports Strong Q3 2024 Earnings
- Quanta Services narrows FY24 adjusted EPS view to $8.50-$8.80 from $8.32-$8.87
- Quanta Services reports Q3 adjusted EPS $2.72, consensus $2.69
- Quanta Services Reports Record Q3 2024 Financial Results