UBS Starts Quanta Services (PWR) at Buy

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UBS initiates coverage on Quanta Services (NYSE: PWR) with a Buy. PT $32.00.

The firm comments, "We view PWR as an earnings growth story, with accelerating growth in '14E, driven by a return of the large diameter pipeline business, along with continued growth in shale pipelines, and electric transmission & distribution capex. While the stock has had a good run, a few catalysts (Keystone XL, cash usage, Sandy) could still drive some further upside."

For an analyst ratings summary and ratings history on Quanta Services click here. For more ratings news on Quanta Services click here.

Shares of Quanta Services closed at $27.59 yesterday, with a 52 week range of $20.21-$27.72.

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