Market Movers: D.R. Horton, Infosys & Quanta Services Lead Surges

1. D.R. Horton (NYSE: DHI)
D.R. Horton surged by 10.07%. D. R. Horton reported fiscal Q3 2024 results with revenue of $9.73 billion, net income of $1.35 billion, and EPS of $4.10, exceeding expectations. Evercore ISI maintains an Outperform rating, adjusting the price target to $205.00. Citigroup downgrades D. R. Horton to Neutral.

2. Infosys Limited (NYSE: INFY)
Infosys Limited surged by 8.4%. Infosys announced its first-quarter fiscal 2025 results. Additionally, Infosys participated in the Summer Davos in China, and was named one of the top 100 most valuable global brands by Kantar BrandZ. BMO Capital maintained a market perform rating on Infosys, with a lowered target price of $18.00.

3. Quanta Services (NYSE: PWR)
Quanta Services surged by 8.03%. Quanta Services: First half NB shipments down 5% year-over-year. Second half visibility remains low. Quanta's May revenue hit a record high with robust AI server growth. Q1 2024 revenue was $5.032 billion, up 13.62%, with a net profit of $126 million.

4. Cintas (Nasdaq: CTAS)
Cintas gained solidly by 5.45%. Cintas reported its Fourth Quarter fiscal 2024 results. RBC Capital downgraded Cintas to Sector Perform with a $725 target price. Citigroup downgraded Cintas to Sell with a $570 target price. Cintas disclosed insider transactions in May.

5. The Allstate (NYSE: ALL)
The Allstate gained solidly by 3.54%. BMO Capital upgraded The Allstate to Outperform, raising the price target to $191. JP Morgan and Morgan Stanley both maintained Overweight ratings for The Allstate, with a target price of $200. Keefe, Bruyette & Woods also maintained an Outperform rating, setting the price target at $194.