Wunderlich Securities Reiterates MasTec Buy Rating, $26 PT (MTZ)

Wunderlich Securities reiterated its MasTec MTZ Buy rating and $26 price target in a research report published today. In the report, Wunderlich Securities states, "Mastec (MTZ) announced today that it had closed on an acquisition of Fabcor in Canada, a pipeline and facilities construction company focused on oil and gas transmission. Many details are being withheld until the company reports next week. This is likely to have an immediately depressive effect on the company's shares, as most acquisitions do, but it looks strategically important." Shares of MasTec were trading at $22.58 at the time of posting, down 1.78% from Monday's market close.