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Analyst Actions: Quanta Services Ests Revised, PT Raised $1 at Credit Suisse; Shares Rise 1%
By: MT Newswires
Credit Suisse analysts have revised their earnings estimates for Quanta Services Inc. ( PWR ), while also raising their price target on the stock to $32 from $31 a share.
"PWR continues to be the darling of the E&C space, benefiting as the biggest player in Electric Power and driving margins towards record levels," said Credit Suisse. "At the same time, the gas pipeline business, once a troubled segment struggling to even make money, is now benefiting from diversification efforts and what looks to be a cyclical recovery for the gas pipeline industry."
The firm has revised its FY'13-FY'15 GAAP EPS to $1.40, $1.70, and $2.10 from $1.55, $1.80 and $2.05, respectively.
Shares of PWR are up 0.63% to $28.62 in afternoon trading, and are within a 52-week range of $20.21 - $29.94.