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Fly News Breaks for August 3, 2017
PWR
Aug 3, 2017 | 12:43 EDT
As previously reported, FBR Capital analyst Alex Rygiel upgraded Quanta Services to Outperform from Market Perform, stating that he has become more confident in its outlook given its recent project awards and improving operating results. The analyst, who also thinks Quanta's backlog is not fully appreciated in its current share price, raised his price target on the stock to $45 from $40.
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