Stifel Nicolaus Adjusts Quanta Services Price Target to $647 From $517, Maintains Buy Rating

Stifel Nicolaus has raised its price target for Quanta Services (NYSE: PWR) to $647 from $517, while reiterating a Buy rating on the stock. This adjustment reflects a significant increase in the firm’s valuation of the company’s shares. Several other analysts, including UBS, Truist, BofA Securities, and JPMorgan, have also recently increased their price targets for Quanta Services.