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Investing.com - KeyBanc raised its price target on MasTec (NYSE:MTZ) to $236.00 from $205.00 on Monday, while maintaining an Overweight rating on the infrastructure construction company’s stock. The new target sits well within the current analyst range of $140 to $300, with MasTec shares having already delivered an impressive 73% return over the past six months.
The investment firm cited MasTec’s "early innings of a revamped growth story," supported by improved execution and momentum in the company’s Telecom and Pipeline Infrastructure segments.
KeyBanc noted that despite strong performance, MasTec shares continue to trade at a discount to peers in the sector.
The firm expects continued momentum in Communications, Pipelines, and Power Delivery segments, with Clean Energy backlog and improved pricing supporting visibility into 2026.
KeyBanc also highlighted management’s demonstrated consistency, conservative guidance approach, and focus on improving margins across segments, which it believes should yield further upside for the stock.
In other recent news, MasTec has seen a series of positive developments that investors may find noteworthy. Wolfe Research upgraded MasTec’s stock to Outperform, citing an anticipated inflection point in gas infrastructure spending and growth drivers such as data center expansion and utility capital expenditures. Stifel also raised its price target for MasTec from $198 to $237, maintaining a Buy rating and highlighting strong growth prospects in the communications sector. UBS reiterated its Buy rating with a price target of $206, noting MasTec management’s optimistic outlook on growth and margin improvements across all business segments.
Meanwhile, Mizuho initiated coverage with an Outperform rating and a price target of $215, highlighting that the company generated over $6.75 billion in sales from clean energy and power delivery last year, with expectations for growth to approximately $9 billion by 2025. In administrative updates, MasTec announced a temporary blackout period for its 401(k) Retirement Plan participants due to a transition in recordkeeper services, effective October 2025. This blackout will temporarily restrict transactions involving MasTec common stock within the plan. These recent developments reflect a range of strategic and operational initiatives impacting MasTec’s outlook.
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