Citi raised the firm’s price target on MasTec (MTZ) to $248 from $219 and keeps a Buy rating on the shares following meetings with management. Citi sees additional upside in the shares from backlog growth and margin expansion.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTZ:
- MasTec price target raised to $252 from $218 at Jefferies
- MasTec price target raised to $252 from $206 at UBS
- MasTec price target raised to $250 from $210 at Roth Capital
- MasTec Positioned for Strong Growth in Gas Infrastructure and Utility Sectors, Buy Rating Affirmed
- MasTec upgraded to Outperform from Peer Perform at Wolfe Research