pwr posts
FeedPosted Mar 17th 2011 2:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

The volatile trade pattern exhibited by Quanta Services (
PWR) continued this winter. Quanta, first discussed here on June 11, 2009, at a price of $24.76, is decidedly not for investors who want a sleep-well-at-night play.
Quanta formed a bear hug in late 2010 ... only to reverse and zoom $7 higher to trade near $24, then pulled back to about $21.50. With PWR, it's been "pick a number between $17 and $25," and that's likely to be its price by the end of the month.
Nevertheless, if you can tolerate the bumps, the view from here still argues that Quanta is well-positioned to benefit from the upgrade of the nation's electric transmission and distribution grid. Quanta's total order backlog is $6.3 billion, including contract wins with several, major utilities.
Continue reading Quanta Services Roller-Coaster Continues
Posted Feb 24th 2011 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Chesapeake Energy (CHK), Ciena Corp (CIEN), Red Hat Inc (RHT), Analyst Initiations
Analyst Upgrades
- Chesapeake (CHK) to buy from hold at Canaccord.
- Biogen (BIIB) and Regeneron (REGN) to outperform from sector perform at RBC Capital.
- Caribou Coffee (CBOU) to outperform from neutral and Encore Energy (ENP) to neutral from underperform at RW Baird.
- Fluor (FLR) to market perform from underperform at BMO Capital.
- Hornbeck Offshore (HOS) to conviction buy from neutral at Goldman.
- Saks (SKS) and Zale (ZLC) to neutral from underperform at BofA/Merrill.
Continue reading Analyst Calls: BIIIB, CBOU, CELG, CHK, CIEN, HOS, LULU, RHT, SKS, ZLC ...
Posted Jan 14th 2011 3:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

The bumpy ride continues with Quanta Services (
PWR). Quanta, first discussed here on June 11, 2009 at a price of $24.76, is decidedly not for squeamish investors.
The shares of Quanta, a provider of electric/natural gas/telecom infrastructure services, formed
a bear hug in early 2010 and approached the $12 sell/stop loss, then recovered in summer, only to retrench. Were in not for Quanta's power-based infrastructure status, the positioned would have been kicked.
Then, after a modest recovery, Quanta then formed another bear hug in late 2010...only to reverse and zoom $5 higher to currently trade at/near $22. Talk about volatility.
Continue reading Quanta Services: For Long-Term Investors Only
Posted Oct 14th 2010 2:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy
Quanta Services (PWR), first discussed here on June 11, 2009, at a price of $24.76, certainly is not a play for investors who want to make a quick buck.
In early 2010, the shares of Quanta, a provider of electric/natural gas/telecom infrastructure services, had formed a bear hug and approached the $12 sell/stop loss, then recovered in summer, only to retrench. Were in not for Quanta's power-based infrastructure status, the position would have been closed.
But it wasn't, and guess what? Quanta has rebounded, including a move back above $20 and the key, 50-day moving average.
Continue reading Quanta Services Is Trying Investors' Patience
Posted Jan 19th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Sprint Nextel Corp (S), U.S. Steel (X), Analyst Initiations
Analyst Upgrades
- Deutsche Bank upgraded U.S. Steel (X) to buy from hold after raising its steel forecasts and upped its target price on shares to $77 from $44. Note, the firm also downgraded AK Steel.
- Credit Suisse upgraded Philip Morris (PM) to outperform from neutral based on a better international outlook.
- JPMorgan upgraded ev3 Inc. (EVVV) to overweight from neutral. The firm sees upside potential to ev3's consensus estimates for 2010 and raised its target price on shares to $19 from $15.
- Vale (VALE) was upgraded to overweight from equal weight at Barclays.
- Xilinx (XLNX) was raised to outperform from sector perform at RBC Capital.
- Shuffle Master (SHFL) was upgraded at KeyBanc to buy from hold.
Continue reading Analyst Upgrades, Downgrades and Initiations: AKS, EVVV, PEB, PM, PWR, S, X ...
Posted Nov 10th 2009 11:00AM by Steven Halpern (RSS feed)
Filed under: International Markets, Newsletters, Commodities, Oil, Stocks to Buy, Green Stocks, Obama Picks
"I'm excited about Quanta Services (PWR), a contracting company that specializes in building utility transmission and distribution infrastructure," says Ian Wyatt.
In his Top Stock Insights, he explains, "The current focus in the U.S. of projects that improve energy conservation, utilize renewable resources, and improve air quality make Quanta an excellent long-term growth opportunity.
"Its customers are in the electric power, gas, telecommunications, and cable television industries. These are stimulus spending customers; i.e., big government organizations and utilities companies.
Continue reading Quanta Services (PWR): Infrastructure power play
Posted Oct 7th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Cisco Systems (CSCO), Coca-Cola (KO), Walt Disney (DIS), Analyst Initiations
Analyst upgrades:
- Deutsche Bank upgraded Coca-Cola (NYSE: KO) to Buy from Hold on expectations that stable volumes and a better outlook for currency and commodities will lead to higher earnings visibility. The firm raised its price target on shares to $62 from $52.
- FBR Capital upgraded Goodrich (NYSE: GR) to Outperform from Market Perform as it finds the stock's valuation compelling following the recent pullback. The firm raised its target on shares to $65 from $46.
- William Blair upgraded Cisco (NASDAQ: CSCO) to Outperform from Market Perform after channel checks indicated demand is accelerating as the firm finds the stock's valuation compelling at current levels.
- Robbins & Myers (NYSE: RBN) was upgraded to Outperform from Neutral at Baird.
- Disney (NYSE: DIS) and Viacom B (NYSE: VIA.B) were upgraded to Neutral from Underperform at BofA/Merrill, while News Corp. (NASDAQ: NWS) was upgraded to Buy from Neutral.
Continue reading Analyst upgrades, downgrades and initiations: ANN, DIS, CSCO, KO, NWS, PETM, ULTA ...
Posted Sep 10th 2009 10:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Analyst Initiations
Analyst upgrades:
- Citigroup upgraded Talbots (NYSE: TLB) to Buy from Hold on expectations the company's sales and margins are at an inflection point. The firm expects comps to turn positive in the next six months and raised its target on shares to $9.50 from $5.
- JMP Securities believes that Apple's (NASDAQ: AAPL) incoming iPod product cycle, geographic expansion of iPhones, and market expansion led by new products will result in "significant" outperformance. The firm upgraded shares to Outperform from Market Perform and has a $200 target on the stock.
- Credit Suisse upgraded Tiffany (NYSE: TIF) to Outperform from Neutral citing productivity comps and gross margin upside, leading to potential upside to 2010 Street estimates. The firm raised its target to $45 from $20.
- Brady (NYSE: BRC) was upgraded to Buy from Hold at KeyBanc.
- Time Warner (NYSE: TWX) was upgraded to Conviction Buy from Neutral at Goldman.
- RadioShack (NYSE: RSH) was upgraded to Overweight from Equal Weight at Morgan Stanley.
Continue reading Analyst upgrades, downgrades and initiations: AAPL, BP, PFE, QCOM, TIF, TLB, TWX ...
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