Maxim analyst Tate Sullivan kept his Buy rating and $87 price target on Tetra Tech, saying that his discussions with its management last week affirmed his view that the company's "project mix can withstand meaningful pressure in the event of a U.S. recession in the next 2-3 years". The analyst notes that the last time U.S. economic growth declined for 2 consecutive quarters some 10 years ago, Tetra Tech had more "fixed price construction work", and its earnings and stock price increased in 2008-2009. Sullivan further states that the company should continue to be able to raise its dividend and stock buyback as "governments and companies continue to address environmental, water and infrastructure problems".