MasTec price target raised to $100 from $70 at DA Davidson

DA Davidson raised the firm’s price target on MasTec to $100 from $70 and keeps a Buy rating on the shares. The company’s Q4 results and guidance leave “more to be desired” out of Power Delivery and Clean Energy, but ultimately a clearer pathway toward above-10% EBITDA margins should yield higher values for the stock over time, the analyst tells investors in a research note.