MasTec price target raised to $120 from $100 at DA Davidson

DA Davidson analyst Brent Thielman raised the firm’s price target on MasTec to $120 from $100 and keeps a Buy rating on the shares. The company’s Q1 results were ahead of estimates in a seasonally weaker quarter, the firm tells investors in a research note, adding that although it sees solid prospects into the next couple of years, it is also encouraged to see a couple quarters or more of consistent results from MasTec.