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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTZ: