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Fly News Breaks for August 7, 2018
MTZ
Aug 7, 2018 | 08:05 EDT
As reported previously, Baird analyst Andrew Wittmann upgraded MasTec to Outperform from Neutral and designated it as a Fresh Pick. The analyst said concerns of weak cash flow and the MVP project work stoppage have already been priced into the stock and now offer a potential catalyst for the shares. He sees solid near-term fundamentals and sees the risk/reward better below $50 a shares. Wittmann has a $53 price target on MasTec.
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