Tetra Tech price target raised to $215 from $200 at Maxim

Maxim raised the firm’s price target on Tetra Tech to $215 from $200 and keeps a Buy rating on the shares after its Q3 earnings beat. The company should benefit from more U.S. federal and state and local infrastructure spending, with one source of orders seen as the U.S. Army and its expected spending of $7B in the next four years to start to decarbonize more than 138,000 buildings around the world, the analyst tells investors in a research note, citing Tetra Tech commentary.