Stifel Maintains Buy on Quanta Services, Raises Price Target to $237
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has reaffirmed a Buy rating on Quanta Services (NYSE:PWR) and increased the price target from $212 to $237.
December 19, 2023 | 3:53 pm
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POSITIVE IMPACT
Stifel analyst Stanley Elliott maintains a Buy rating on Quanta Services and raises the price target to $237, indicating a positive outlook on the stock.
The increase in the price target by Stifel suggests a strong conviction in the future performance of Quanta Services. This endorsement from a reputable analyst is likely to instill confidence in investors and could lead to a short-term increase in the stock price, as market participants may adjust their valuations to align with the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100