Stifel raised the firm’s price target on MasTec (MTZ) to $240 from $237 and keeps a Buy rating on the shares. The company reported Q3 results that were above expectations and raised its guidance for FY25, the analyst tells investors. The firm believes the recent dip in shares was due to high expectations, greater than hoped headwind from the Greenlink delay, and pipeline bookings lower than hoped.
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Read More on MTZ:
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