As previously reported, Piper Sandler initiated coverage of MasTec (MTZ) with an Overweight rating and $134 price target The firm believes this specialty contractor is benefiting from key infrastructure development trends, including electrification, load growth, rising renewable penetration, aging infrastructure, and aging utility workforce. Between transmission, distribution, generation, data centers, and telecom, Piper estimates an over $200B annual market opportunity capable of supporting durable earnings growth.
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