UPDATE: FIG Partners Initiates MasTec with $25 PT on Pipeline Outlook - MasTec (NYSE:MTZ)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

FIG Partners initiated coverage on MasTec (NYSE: MTZ) with a $25 price target. FIG Partners said, "Demand for MTZ's services is strong and backlog continues to build up. We think that MTZ might even enjoy a ramp up in larger diameter pipelines activity in 2013 NYSE (MTZ's sweet spot is currently between 24 and 42 inches of diameter). The two Marcellus projects that hurt the margins in the 1H of 2012 are behind us and margins should improve from here. Revenues from the pipeline segment were $774 million in 2011; we expect a 2012 exit rate close to $900 million. This leads us to believe that the pipeline segment may become MTZ's first $1 billion revenue segment."MasTec closed at $21.22 on Monday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!