TD Cowen raised the firm’s price target on Quanta Services to $175 from $165 and keeps an Outperform rating on the shares. The analyst said continued solid execution strong backlog growth and guidance that is likely conservative more than offset below consensus 1Q guidance.
Published first on TheFly
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Read More on PWR:
- Quanta Services price target raised to $189 from $168 at Argus
- Quanta Services price target raised to $160 from $140 at DA Davidson
- Quanta Services price target raised to $173 from $157 at Baird
- Quanta Services sees FY23 adjusted EPS $6.75-$7.25, consensus $6.98
- Quanta Services reports Q4 adjusted EPS $1.68, consensus $1.60
