KeyBanc Upgrades PWR to Overweight
KeyBanc upgrades PWR to overweight with $807 price target
PWR KeyBanc Upgrades PWR to Overweight, PT $807 Analyst comments: "Our change of stance hinges on moving toward a higher-quality name in an increasing risk-off environment for E&Cs. We think larger project sizes have created a bigger risk of execution missteps and a lumpier bookings cadence, creating more volatility and making it reasonable to pay up for a larger, diversified E&C with a solid execution track record and a positive earnings revision story. We think as project sizes have grown through the current reshoring/electrification/data center build cycle, execution track record has become a bigger part of the equation, and investors are taking note.
" Analyst: Sangita Jain