Mizuho analyst Maheep Mandloi raised the firm’s price target on MasTec (MTZ) to $362 from $254 and keeps an Outperform rating on the shares. The company’s quarter shows “strong” cross-segment growth, growing margins, and a backlog that supports guidance, the analyst tells investors in a research note. Mizuho cites MasTec’s better than expected revenue growth across other segments for the target boost.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTZ: