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Fly News Breaks for August 30, 2018
MTZ
Aug 30, 2018 | 07:39 EDT
The Federal Energy Regulatory Commission yesterday issued an authorization to resume construction activity on 200 miles of the Mountain Valley Pipeline, Citi analyst Andrew Kaplowitz tells investors in a research note. FERC has now authorized construction activity to restart on a vast majority of the 303 mile MVP pipeline after earlier this month issuing a full stop work order on the project that created significant uncertainty for MasTec, the analyst adds. He believes that while this may not be the last we hear of deferrals on the project, yesterday's news is clearly a positive for MasTec. Kaplowitz keeps a Buy rating on the shares.