Truist raised the firm’s price target on MasTec (MTZ) to $518 from $425 and keeps a Buy rating on the shares. The company delivered an exceptional quarter on every metric with a high bar, and raised full year 2026 guidance with only one quarter under its belt, the analyst tells investors in a research note. MasTec’s earnings can be further accelerated by a margin improvement story while using the balance sheet to enhance both organic and inorganic opportunities, the firm added.
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