Quanta Services (PWR) PT Raised to $149 at Northland Capital Markets

Northland Capital Markets analyst Gus Richard raised the price target on Quanta Services (NYSE: PWR) to $149.00 (from $129.00) while maintaining an Outperform rating.

The analyst commented, "PWR reported an in-line quarter increased forward guidance. The low carbon economy will be enabled by electronification, and the demand for electricity is being underestimated. As demand increases infrastructure needs to be added to support EV and renewable interconnects. In UUIS business eliminating methane leaks near should start to generate growth. Reiterate OP and increase PT to $149."

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