Quanta Services Inc
PWR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$854.00 | Xmrjx | Mmwxzxmhb |
Quanta Executes Well Amid Inflationary Environment; Raising FVE to $112, but Shares Look Pricey
We raise our fair value estimate for Quanta to $112 per share from $102 following second-quarter results. The primary drivers behind our fair value estimate increase are higher revenue expectations on outperformance year-to-date and potential upside from proposed legislation.