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Fly News Breaks for March 15, 2016
PWR
Mar 15, 2016 | 09:21 EDT
After Quanta announced that its CEO had stepped down and would be replaced by its COO, Earl Austin, Jr., KeyBanc says that Austin "brings ample operational and strategic experience to the role." Noting that Quanta reiterated its fiscal 2016 guidance, the firm says that it views that development positively. The firm thinks the company's reiteration of its guidance indicates that the CEO transition was not prompted by the company's perfromance. KeyBanc keeps an Overweight rating on Quanta.
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