Tetra Tech price target raised to $247 from $234 at KeyBanc

KeyBanc raised the firm’s price target on Tetra Tech to $247 from $234 and keeps an Overweight rating on the shares. Tetra Tech reported better than expected Q3 EPS and raised guidance, showing strong revenue and margin momentum, the analyst tells investors in a research note. Tetra Tech will guide to FY25 next quarter, and the firm thinks double digit revenue growth and +50 basis point margin expansion are highly achievable, given its track record and end market momentum.