Baird analyst Justin Hauke raised the firm’s price target on Quanta Services to $265 from $222 and keeps an Outperform rating on the shares. The firm said Quanta delivered another revenue-led beat with backlog holding at record levels. Initial 2024 guidance met/exceeded expectations with free cash flow surging in the quarter and expected to continue in 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PWR:
- Quanta Services Announces Q4 and Full-Year 2023 Results
- QUANTA SERVICES REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS
- PWR Earnings this Week: How Will it Perform?
- Quanta Services initiated with an Outperform at Evercore ISI
- Tribes sue to stop work on SunZia power line, Arizona Daily Star reports