MasTec price target raised to $362 from $254 at Mizuho

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.