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Fly News Breaks for February 4, 2019
MTZ
Feb 4, 2019 | 09:34 EDT
DA Davidson analyst Brent Thielman lowered his price target on MasTec to $57 after his meetings with its management and institutional investors last week. The analyst is lowering his 2019/2020 estimates to reflect the lower first half contributions and more conservative growth expectations into 2020, but keeps his Buy rating longer term, citing the positive discussions about the company's end markets and expectations of a ramp in telco/5G spending.
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