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Fly News Breaks for September 24, 2015
MTZ
Sep 24, 2015 | 08:59 EDT
Baird noted MasTec was awarded a large section of the Dakota Access pipeline project, which should meaningfully add to EBITDA and suggests a strong backlog contribution in Q3. The firm believes the award is not fully in the stock, which skews the risk/reward favorably ahead of earnings. Baird maintains its Neutral rating and $18 price target on MasTec shares.
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