Goldman Sachs Downgrades Quanta Services (PWR) to Sell
Tweet
Share
E-mailGet Alerts PWR Hot Sheet
Price: $685.78 +1.93%
Rating Summary:
27 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
Rating Summary:
27 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 9
Join SI Premium – FREE
Goldman Sachs downgraded Quanta Services (NYSE: PWR) from Neutral to Sell with a price target of $23.00 (from $24.00), citing unfavorable risk/reward.
The analyst comments, "relative to our Neutral E&C coverage view as we believe 2013 expectations are too high for this high-multiple stock and we see 1% downside over the next 12 months vs. 23% upside across the rest of our coverage."
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 $23.50 yesterday.
The analyst comments, "relative to our Neutral E&C coverage view as we believe 2013 expectations are too high for this high-multiple stock and we see 1% downside over the next 12 months vs. 23% upside across the rest of our coverage."
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 $23.50 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Quanta Services (PWR) PT Raised to $833 at Jefferies
- RBC Capital Downgrades Accelerant Holdings (ARX) to Sector Perform
- JPMorgan Downgrades JD Logistics Inc (2618:HK) (JDLGF) to Neutral
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
