MasTec price target raised to $125 from $115 at TD Cowen

TD Cowen raised the firm’s price target on MasTec to $125 from $115 and keeps an Outperform rating on the shares. The analyst said following a messy 2022, investors may initially discount the progression but we see guidance as being achievable. We see the stock offering attractive exposure to the Energy Transition with a discounted multiple.