In a report published Thursday, Deutsche Bank analyst Vishal Shah initiated coverage on Mastec MTZ with a Buy rating and $38.00 price target.
In the report, Shah noted, “We are initiating coverage of MTZ with a Buy rating and $38 price target. For details, please refer to our larger document entitled ‘Initiating Coverage on E&C - Still In The Early Stages Of The E&C Spending Cycle' published on May 8, 2013.”
Mastec closed on Wednesday at $30.01.
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