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Fly News Breaks for March 22, 2018
JELD, MTZ
Mar 22, 2018 | 07:55 EDT
Deutsche Bank analyst Nishu Sood upgraded MasTec (MTZ) to Buy and raised his price target for the shares to $48 from $43. The analyst's analysis indicates the company "should be well-placed to handle" rising costs for building products. Further, he thinks MasTec's sales growth should be strong in 2018 due to good remodeling trends and management's focus on driving organic sales growth. Sood coupled the upgrade with a downgrade of Jeld-Wen (JELD) to Hold.
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