MasTec price target raised to $500 from $440 at B. Riley

B. Riley raised the firm’s price target on MasTec (MTZ) to $500 from $440 and keeps a Buy rating on the shares. MasTec delivered strong Q1 results with broad-based revenue and EBITDA growth, a sizable backlog increase, and raised full-year guidance, reflecting robust demand across infrastructure, data centers, power grid modernization, and telecom despite ongoing input cost and tariff-related pressures, the analyst tells investors in a research note.