MasTec price target raised to $184 from $154 at Truist

Truist analyst Jamie Cook raised the firm’s price target on MasTec (MTZ) to $184 from $154 and keeps a Buy rating on the shares. The firm cites the company’s Q1 earnings beat, with outperformance that was driven by better than expected Communications margin and lower interest expense, the analyst tells investors in a research note, adding that margins across the entire portfolio were solid. Truist adds that it remains encouraged that MasTec continues to execute and has above average growth prospects and opportunity to improve margins.