MasTec price target raised to $455 from $401 at Stifel

Stifel analyst Brian Brophy raised the firm’s price target on MasTec (MTZ) to $455 from $401 and keeps a Buy rating on the shares. Q1 results were above expectations, primarily driven by healthy topline results across the segments as well as stronger-than-expected Pipeline margins, the analyst tells investors in a research note. The firm added that it expects MasTec to outline long-term financial targets as well as frame various upside opportunities at the upcoming analyst day.