MasTec price target raised to $196 from $171 at KeyBanc

KeyBanc raised the firm’s price target on MasTec (MTZ) to $196 from $171 and keeps an Overweight rating on the shares. The firm maintains that MasTec is still in the early stages of earning investor confidence through consistency in execution. Despite the strong performance since late 2023, shares still trade at a discount to specialty contractor peers, offering decent upside potential with positive momentum in Comms and Pipeline Infrastructure in particular, KeyBanc adds.