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Fly News Breaks for August 5, 2019
MTZ
Aug 5, 2019 | 09:22 EDT
DA Davidson analyst Brent Thielman raised his price target on MasTec to $70 and kept his Buy rating after its "substantial" Q2 earnings upside driven primarily by the contribution from the Oil & Gas sector. The analyst believes that momentum can be sustained into 2020 and offset the pushed back expectations of "rapid growth" in the wireline and wireless sector. Thielman also still sees the opportunities around 5G and related infrastructure upgrades as a key catalyst for MasTec shares.
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