Quanta Services price target raised to $319 from $305 at Truist

Truist raised the firm’s price target on Quanta Services to $319 from $305 and keeps a Buy rating on the shares after its Q2 results. Renewable operating margin was up from Q1 despite a $20M hit from continued productivity challenges on a solar project and should be in the double-digit range in the back half of the year, which should serve as a catalyst for the name as investors believe there isn’t much opportunity for margin uplift, the analyst tells investors in a research note.