RBC Capital raised the firm’s price target on Tetra Tech to $233 from $203 and keeps an Outperform rating on the shares. The analyst cites the company’s better-than-expected FQ2 results and the 2nd straight upward revision to FY24 guidance. Tetra Tech remains well positioned to capitalize on organic tailwinds and improve margins while pursuing a disciplined M&A strategy, the firm tells investors in a research note.
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