Jefferies initiated coverage of Quanta Services with a Hold rating and $256 price target. The analyst sees deceleration in renewable energy into 2025. However, Quanta’s “best in sector” management, consistency and further utility grid spending “offsets any real fears,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PWR:
- Quanta Services Announces Quarterly Cash Dividend
- Quanta Services price target raised to $280 from $270 at TD Cowen
- Quanta Services Announces Senior Notes Offering and Strategy
- Quanta Services price target raised to $319 from $305 at Truist
- Quanta Services raises FY24 adjusted EPS view to $8.32-$8.87 from $8.15-$8.65