Tetra Tech price target raised to $230 from $220 at Maxim

Maxim raised the firm’s price target on Tetra Tech to $230 from $220 and keeps a Buy rating on the shares. The firm cites the Biden-Harris Administration having finalized the first-ever national, legally enforceable drinking water standard to protect communities from exposure to per-and polyfluoroalkyl substances. Maxim further notes a lack of budget impasses in the U.S. federal government this year, suggesting a more predictable funding schedule for Tetra Tech projects for the rest of the year.