Credit Suisse analyst Jamie Cook lowered his price target for MasTec to $71 from $79, while keeping an Outperform rating on the shares. The analyst notes that the stock was under pressure similar to the rest of the sector despite reporting a "solid" quarter and 2020 outlook. Besides broader macro/Coronavirus concerns, Cook believes the oil and gas peak concerns and back end loaded EPS are weighing on the name. However, despite concerns on the Oil and Gas business, MasTec has good visibility into 2020 and to some degree 2021 with Oil and Gas backlog sitting at $1.9B at year end and subsequent verbal awards of $1.4B.