MasTec price target raised to $235 from $214 at JPMorgan

JPMorgan raised the firm’s price target on MasTec (MTZ) to $235 from $214 and keeps an Overweight rating on the shares. The firm increased targets in the clean energy space ahead of the Q3 reports. The utility-scale solution providers remain best positioned while residential players are likely more mixed, the analyst tells investors in a research note. JPMorgan prefers stocks with exposure to U.S.-based manufacturing, diversified end markets, and long-term cash flow visibility.