MasTec price target raised to $471 from $386 at JPMorgan

JPMorgan analyst Mark Strouse raised the firm’s price target on MasTec (MTZ) to $471 from $386 and keeps an Overweight rating on the shares following a “strong” Q1 report that beat Street expectations for revenue, EBITDA, and EPS. FY26 guidance was raised modestly, implying a weaker second half than the firm had previously anticipated, but the firm sees this as driven by “a combination of conservatism and project timing uncertainty,” the analyst tells investors.