MasTec upgraded to Outperform from Neutral at Baird

Baird upgraded MasTec (MTZ) to Outperform from Neutral with a price target of $210, up from $180. While the company’s Q2 report wasn’t great, the post-earnings selloff is overdone, the analyst tells investors in a research note. The firm says the quarter was pressured by broader market weakness and that its estimates are largely unchanged. MasTec’s 2026 earnings power looks intact and most of the company’s markets are showing good gains, contends Baird.