MasTec price target raised to $335 from $264 at KeyBanc

KeyBanc raised the firm’s price target on MasTec (MTZ) to $335 from $264 and keeps an Overweight rating on the shares. The firm notes MasTec closed 2025 with 16% revenue growth and 14% adjusted EBITDA growth, driven largely by organic performance. The balance sheet remains solid, even after $262M deployed toward acquisitions so far. All segments are set to reaccelerate in 2026, with revenue inflecting higher across the portfolio. KeyBanc also sees upside to the roughly 50 basis points of margin expansion currently embedded in its 2026 model, suggesting further operating leverage as volumes ramp.