RBC Capital analyst Sabahat Khan initiated coverage of Tetra Tech with an Outperform rating and $181 price target. Tetra Tech is a specialized engineering company that offers investors “unique sustainability-aligned end-market exposure, a strong track record of growth, and a significant U.S. presence, positioning it well amidst the current infrastructure investment cycle,” the analyst tells investors in a research note. The firm estimates the Tetra generates 55% of its revenue in the “highly attractive” water end-market, which it believes is a notable driver of its valuation.
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