RBC Capital analyst Sabahat Khan lowered the firm’s price target on Tetra Tech (TTEK) to $49 from $52 but keeps an Outperform rating on the shares. The company’s strong Q1 results were overshadowed by the puts/takes reflected in the FY25 guidance update, and while potential cuts in government funding are dominating investor discussions, the market is currently discounting a highly improbable downside scenario, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTEK:
Questions or Comments about the article? Write to editor@tipranks.com