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UPDATE: D.A. Davidson Upgrades MasTec as Share Pullback Provides Opportunity

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In a report published Thursday, D.A. Davidson & Co. analyst John B. Rogers upgraded the rating on MasTec (NYSE: MTZ) from Neutral to Buy, and reiterated the $38.00 price target.

In the report, D.A. Davidson & Co. noted, “Price decline warrants attention. The shares of MasTec have recently pulled back from a high point of $35 and are now trading at a notable discount to our $38 price target. We view the discount as an opportunity and are raising our rating to BUY from Neutral. Despite notable growth and prospects, the shares are now trading at a discount to most peers.”

MasTec closed on Wednesday at $30.54.

Latest Ratings for MTZ

DateFirmActionFromTo
Sep 2019MaintainsOverweight
Aug 2019MaintainsBuy
Aug 2019MaintainsBuy

View More Analyst Ratings for MTZ
View the Latest Analyst Ratings

Posted-In: D.A. Davidson & Co. John B. RogersAnalyst Color Upgrades Analyst Ratings

 

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