MasTec price target raised to $209 from $184 at Truist

Truist raised the firm’s price target on MasTec (MTZ) to $209 from $184 and keeps a Buy rating on the shares. The company printed another solid quarter with revenues growing 20% y/y and 24% sequentially to $3.5B, the analyst tells investors in a research note. MasTec continues to make progress diversifying its earnings stream with non-pipeline revenues increasing 26% y/y with an adjusted EBITDA growth of 42%, the firm added.