KeyBanc raised the firm’s price target on MasTec (MTZ) to $236 from $205 and keeps an Overweight rating on the shares. The firm maintains MasTec is in the early innings of a revamped growth story, supported by improved execution and momentum in Telecom and Pipeline Infrastructure. Despite strong performance, shares trade at a discount to peers. KeyBanc expects continued momentum in Communications, Pipelines and Power Delivery, with Clean Energy backlog and improved pricing supporting visibility into 2026-2027.
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