MasTec (MTZ) PT Raised to $237 at Stifel on Long-Term Demand Tailwinds

(Updated - October 9, 2025 7:42 AM EDT)

Stifel analyst Brian Brophy raised the price target on MasTec (NYSE: MTZ) to $237.00 (from $198.00) while maintaining a Buy rating.

The analyst commented, "We are positive on the longer-term growth outlook for MTZ's businesses. In the communications end market, we see long-term demand tailwinds from ever-growing bandwidth demand. In pipelines, we believe longer-term expectations remain low, but see emerging opportunities in carbon capture and clean hydrogen. In renewables and civil infrastructure, we expect significant fiscal stimulus to be a growth tailwind over the coming years. For the T&D end market, we expect continued steady growth in utility investment driven by grid hardening and modernization efforts as well as to support adoption of renewables."

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