Jefferies Maintains Buy And Raises Price Target On MasTec Inc. (MTZ)

MasTec Inc. (NYSE:MTZ) is among the 13 Best Electrical Infrastructure Stocks to Invest In. Jefferies maintained its Buy recommendation on MasTec Inc. (NYSE:MTZ) on June 27 but raised its price objective from $193 to $213. It is among the Best Electrical Equipment Stocks.

The company acknowledged MasTec Inc. (NYSE:MTZ)’s “solid” Q2 momentum in a research note to investors, pointing to the company’s expanding backlog, margin performance, and strength across its end markets. Its stock is regarded by Jefferies as one of the most attractive in the entire coverage universe.

The updated goal reflects increasing assurance about MasTec Inc. (NYSE:MTZ)’s ability to meet demand and execute. A solid project pipeline is being driven by the company’s substantial infrastructure investment. Analysts highlight the company’s capacity to turn backlog into profitable expansion, supported by careful cost control and advantageous industry conditions.

According to Jefferies, MasTec Inc. (NYSE:MTZ)’s position as a major infrastructure provider is strengthened by its expanding exposure in energy, power delivery, and communications, as well as its improved profits.

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