Wunderlich Securities is raising its price target on MasTec, Inc. MTZ from $21 to $26 “on improved outlook for 2011 and 2012.”
“We view the recently announced acquisition of T-Mobile by AT&T as a positive,” Wunderlich Securities writes. “This program will likely lead to increased maintenance and upgrade work for MTZ. We also view as a positive the entrance into the market to build out charging stations for Recharge Solutions. We reiterate our Buy rating on MTZ shares.”
MasTec currently trades at $21.11.
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Posted In: Price TargetAnalyst RatingsConstruction & EngineeringIndustrialsMasTecWunderlich Securities
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