Barclays analyst Adam Seiden has maintained a Buy rating on MasTec (MTZ) and set a price target of $340.00. Seiden, a 5-star analyst according to TipRanks, has an average return of 8.8% and a success rate of 55.53%. He focuses on the Industrials sector, covering stocks such as Agco, Caterpillar, and MasTec.
In a separate report released yesterday, Stifel Nicolaus also kept a Buy rating on MasTec, but with a slightly lower price target of $305.00. The differing price targets highlight a range of expectations among analysts for the company's future performance.
MasTec's latest earnings report for the quarter ending June 30 showed strong growth. The company reported quarterly revenue of $4.37 billion and a net profit of $130.12 million. This compares to revenue of $3.54 billion and a net profit of $85.77 million in the same quarter last year, demonstrating significant year-over-year growth.