DA Davidson raised the firm’s price target on MasTec (MTZ) to $210 from $170 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s broader business momentum is evident with expectations for further backlog gains, and the firm is positive on MasTec’s broader leverage to today’s energy conundrum as well as its capabilities to support enhancement of data communications, the analyst tells investors in a research note.
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