Citi raised the firm’s price target on Quanta Services to $348 from $302 and keeps a Buy rating on the shares. The firm senses some investor skepticism towards Quanta’s continued double digits earnings growth as SunZia begins to ramp down in late 2025. However, with potential upside from data center infrastructure and climate-driven grid hardening, the company is well positioned for multi-year “outsized growth,” the analyst tells investors in a research note.
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