UPDATE: Deutsche Bank Initiates Mastec with Buy on E&C Spending Cycle

In a report published Thursday, Deutsche Bank analyst Vishal Shah initiated coverage on Mastec

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.