2021-01-19 05:52:00 PWR Quanta Services
01/19/21 01/1905:52 01/19/2105:52 | Quanta Services price target raised to $89 from $75 at CitiCiti analyst Andrew Kaplowitz raised the firm's price target on Quanta Services to $89 from $75 and keeps a Buy rating on the shares. The analyst continues to see opportunity for further re-rating in the engineering and construction space as the "macro/political framework likely energizes" most of the sector. COVID-19-related uncertainty remains a near-term concern but Federal stimulus and the potential for a significant replacement to the FAST Act as well as rising oil prices seem to be setting the stage for strong performance in 2021, Kaplowitz tells investors in a research note. |
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