KeyBanc analyst Sangita Jain raised the firm’s price target on MasTec (MTZ) to $246 from $236 and keeps an Overweight rating on the shares. The firm notes MasTec reported an above-consensus Q3 despite the slowdown in Greenlink as Pipelines and Communications filled the gap. Pipeline guide for 2025 is higher, and management announced outlines of a new large transmission project with further details coming next quarter. KeyBanc expects Greenlink permitting issues to be resolved with potentially minimal impact to 2026 revenue. The firm sees 2026 as another year of broad-based growth with margin expansion.
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