DA Davidson analyst Brent Thielman raised his price target on MasTec to $80 and kept his Buy rating after its Q3 earnings beat. The analyst notes that the company's initial commentary regarding pipeline construction forecasts for 2020 suggests that earnings growth could be at least 10% next year, with added catalysts around the leverage of a telecom/infrastructure buildout cycle that is "yet to truly manifest". Thielman adds that MasTec should be able to sustain its "solid" cash flows, with an added "valuable call option" coming from its capital deployment opportunities.