tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MasTec price target raised to $205 from $196 at KeyBanc

KeyBanc analyst Sangita Jain raised the firm’s price target on MasTec (MTZ) to $205 from $196 and keeps an Overweight rating on the shares. The firm reported strong Q2, raised 2025 by more than the beat, and outlined strong growth drivers in each of its end markets. Yet, shares underperformed. KeyBanc thinks the reason was the 0.9-times BTB and LDD margin in Pipelines, but it doesn’t get the hand wringing over what appears to be a timing issue and management telegraphing increasing headcount by over 10% in Q2 to support growth.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1