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Fly News Breaks for March 1, 2018
MTZ
Mar 1, 2018 | 06:25 EDT
DA Davidson analyst Brent Thielman raised his price target on MasTec to $65 after the company's Q4 earnings beat and better than expected FY18 outlook. The analyst states that the 2-year outlook for revenue growth and margin appear to be sustainable amid market tailwinds and better relative performance after lower level of profitability in the core Communications and Oil&Gas sectors. Thielman keeps his Buy rating on MasTec, but warns of a short-term risk around the execution of anticipated "major capex programs" for the company.
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