MasTec initiated with a Buy at Jefferies

Jefferies initiated coverage of MasTec (MTZ) with a Buy rating and $188 price target The firm is “bullish” on growth and margin expansion given the company’s scale across the clean energy, utility infrastructure, transmission, communications, and energy pipeline segments along with strategic customer partnerships, the analyst tells investors. The firm sees a favorable risk/reward with MasTec having “the right assets in the right markets,” the analyst added.