Truist raised its price target on MasTec to $550 from $518 while maintaining a Buy rating. The adjustment came as part of a second-quarter preview across the machinery, infrastructure services, and multi-industry group, with the firm citing strong demand trends and secular growth tailwinds in power, data center, aerospace and defense, and infrastructure. Separately, MasTec announced that Manny Miranda joined its board as a Class II Director, bringing leadership experience from Florida Power & Light and Florida City Gas. Earlier in June, Baird reiterated an Outperform rating and $473 price target, calling recent share weakness a buying opportunity.
MasTec IncTruist raised price target to $550 and maintained Buy rating, citing strong demand trends.
Truist Financial Corp