Wunderlich Securities Raises MTZ Target From $21 To $26

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.