Analyst Andrew Kaplowitz of Citi maintained a Buy rating on MasTec, retaining the price target of $219.00.
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Andrew Kaplowitz has given his Buy rating due to a combination of factors that indicate strong future prospects for MasTec. The company is well-positioned to benefit from ongoing secular trends in its key markets, which are expected to drive sustained revenue and earnings growth beyond 2025. Despite some margin pressures in 2025 due to increased investments, these are expected to subside, allowing for margin expansion in the medium to long term.
Kaplowitz also notes that MasTec’s strategic investments have positioned it to better capitalize on robust demand opportunities, which, along with the company’s ability to implement favorable pricing, should lead to significant margin improvements. Furthermore, MasTec’s improved capital deployment options, supported by strong free cash flow generation and reduced leverage, could enhance earnings through potential share repurchases or strategic acquisitions.
In another report released on August 21, Texas Capital Securities also initiated coverage with a Buy rating on the stock with a $250.00 price target.