Truist Raises the Price Target on Quanta Services, Inc. (PWR) to $643 and Maintains a Buy Rating

Truist has increased its price target for Quanta Services (PWR) to $643 while reiterating a 'Buy' rating. This optimistic revision suggests Truist analysts see continued upside potential for PWR, likely driven by strong infrastructure spending, utility modernization, and renewable energy projects. Investors should monitor the company's backlog growth and execution on large-scale projects, as well as broader trends in utility and infrastructure investment, which could further influence its stock performance.