Yahoo Finance

Stifel analyst Brian Brophy raised the firm’s price target on Quanta Services (PWR) to $388 from $374 and keeps a Buy rating on the shares. The firm believes the rally in utility equities over the past year and recent utility capital raising “bode well for the 2025 outlook” for transmission and distribution engineering and construction, which is also supported by healthier bidding, new awards, and backlog trends per its survey work.

Invest with Confidence:

• Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.

• Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on PWR:

• Quanta Services price target lowered to $398 from $399 at Truist

• Guggenheim sees Quanta Services as fairly valued, starts at Neutral

• Quanta Services initiated with a Neutral at Guggenheim

• Quanta Services COO Redgie Probst Resigns, CEO Takes Over

• Quanta Services price target raised to $399 from $358 at Truist