MasTec price target raised to $170 from $152 at Citi

Citi analyst Andrew Kaplowitz raised the firm’s price target on MasTec (MTZ) to $170 from $152 and keeps a Buy rating on the shares. The company’s “solid” Q1 results and raised 2025 guidance represent a continuation of healthy sales growth potential and improving operational execution, the analyst tells investors in a research note. The firm says MasTec’s “robust” backlog and its resilient demand trends provide elevated visibility.