Baird analyst Andrew Wittmann lowered the firm’s price target on MasTec to $116 from $125 and keeps an Outperform rating on the shares. The firm said 2H23 revenue expectations degraded against IEA shortfall and lower customer wireless capex spending, even with benefit from MVP pick-up.
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Read More on MTZ:
- MasTec price target lowered to $116 from $135 at Citi
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