Stifel raised the firm’s price target on MasTec (MTZ) to $335 from $267 and keeps a Buy rating on the shares. The firm notes Q4 results were above expectations, primarily driven by better than expected margin performance in Pipeline. MasTec also announced the acquisitions of NV2A and McKee Utility Contractors. Stifel continues to see a path to $10-plus of earnings power as soon as this year.
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