UBS lowered the firm’s price target on MasTec to $96 from $119 and keeps a Buy rating on the shares. The long term outlook for renewables and MasTec’s Clean Energy business is positive, and UBS expects a guidance reduction with Q3 earnings should help reset expectations, improving the setup, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MTZ: