UBS analyst Steven Fisher initiated MasTec with a Buy rating and a price target of $60, citing the company's "attractive top-line growth trajectory" based on his medium-term expectations of a "long tail" of spending by telecom firms. The analyst believes that MasTec is well positioned to meet the growing demand for more data and evolving service offerings and expects its earnings to grow by about 9% per year through 2023. Fisher adds that the company's near-term margin trends should also be positive given the "pent up demand due to labor shortages."