UPDATE: Crowell Weedon Reiterates Buy Rating, Raises PT for Tetra Tech
In a report published earlier today, Crowell, Weedon & Co. reiterated its Buy rating for Tetra Tech, Inc. (NASDAQ: TTEK) and raised its price target from $29.00 to $31.00.
Crowell Weedon said it made its decisions “after the company reported solid Q2 results and has good visibility for the second half of its fiscal year, which is under way. TTEK's focus on supplementing organic growth with strategic acquisitions has enabled the company to build its international and commercial consulting businesses and reduce dependence on government customers. This has led to a balanced business model that emphasizes ‘front-end” design and consulting services that comprised 86% of fiscal Q2 net revenue. As a leading global Engineering and Consulting firm TTEK has maintained its leadership in water-related resource management and infrastructure projects.”
Tetra Tech, Inc. closed on Friday at $25.25.
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