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Fly News Breaks for October 19, 2015
PWR
Oct 19, 2015 | 07:53 EDT
Stephens analyst Matt Duncan said he was "very disappointed" with another miss and guidance cut from Quanta Services, but continues to think its medium- to long-term fundamentals are intact and would use the selloff in its shares as a buying opportunity. Duncan, however, acknowledges that buyers of the shares will likely need to be patient and lowered his price target on Quanta to $26 from $32, but keeps an Overweight rating on the stock.
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