JP Morgan Initiates Coverage On Quanta Services with Neutral Rating, Announces Price Target of $297
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has initiated coverage on Quanta Services with a Neutral rating and set a price target of $297.
October 07, 2024 | 1:41 pm
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NEUTRAL IMPACT
JP Morgan has initiated coverage on Quanta Services with a Neutral rating and set a price target of $297, indicating a balanced view on the stock's potential.
The Neutral rating suggests that JP Morgan sees neither strong upside nor downside potential in the short term for Quanta Services. The price target of $297 provides a specific valuation benchmark, but the neutral stance indicates a balanced view, likely resulting in minimal immediate impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100