Jefferies raised the firm’s price target on MasTec (MTZ) to $213 from $193 and keeps a Buy rating on the shares. MasTec had “solid” momentum in Q2, with a focus on end-market strength, backlog, and margins, the analyst tells investors in a research note. Jefferies views shares as among most compelling across its coverage.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTZ: