Movement Alert|Quanta Services Rises 3.11% in Regular Trading, Oppenheimer Upgrades to Outperform with $800 Target

Market Focus06-03

On June 3, Quanta Services rose 3.11% in regular trading, trading at $728.35/share, with trading volume of $143 million. The stock rebounded after two consecutive sessions of declines totaling over 6%.

On the news front, Oppenheimer recently upgraded Quanta Services from \"Perform\" to \"Outperform\" with a target price of $800. According to FactSet, the average analyst target price stands at $802.79, implying approximately 10% upside from current levels.

On the fundamental side, Quanta reported Q1 revenue of $7.875 billion, up 26.33% year-over-year, and net income of $231 million, up 55.36% year-over-year. Within the Construction & Engineering sector, the broader group showed strength, with Sterling Construction up 9.32%, Comfort Systems USA up 4.48%, IES Holdings up 3.91%, MasTec up 3.84%, while Dycom declined 3.01%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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