UPDATE: Wunderlich Initiates Unitek Global Services

Wunderlich is out with its report today on Unitek Global Services

, initiating UNTK at Buy. In its report, Wunderlich writes, "We are initiating coverage of UniTek Global Services, Inc. with a Buy rating and a $9.00 price target. UniTek Global is an infrastructure play. It builds out wireless and satellite infrastructure and compares favorably to MasTec

as it looks like MTZ did a half dozen years ago. Although it does not have direct exposure to solar and wind farm development like MTZ does, it is likely to enter that business in the future. It has a national presence, a unique shared services model, an excellent reputation, experienced management team, and over 5,000 employees." Shares of UNTK closed Monday at $4.66.