Fly News Breaks for May 6, 2019
May 6, 2019 | 07:34 EDT
KeyBanc analyst Tahira Afzal raised his price target for MasTec to $65 from $60 as increased 2019 guidance shows confidence in key end markets, including reinforcement of an expected second half of the year ramp in telecom revenues and ongoing resilience in pipe activity. Additionally, he sees incremental visibility in 2020 for segments beyond Telecom and Pipelines, leading to improved diversity and quality in revenue base and reduced client concentration risk. The analyst reiterates an Overweight rating on the shares.
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