Citigroup Maintains Buy on Quanta Services, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Buy rating on Quanta Services (NYSE:PWR) and increased the price target from $275 to $285, indicating a positive outlook on the company's stock.
April 22, 2024 | 5:30 pm
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Citigroup maintains a Buy rating on Quanta Services and raises the price target to $285, showing confidence in the company's future performance.
The upgrade in the price target by Citigroup reflects a strong confidence in Quanta Services' future performance, likely due to the company's solid fundamentals, growth prospects, or recent performance. This analyst endorsement can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100