MasTec (MTZ) Tops Q2 EPS by 13c, FY EPS Guidance Tops Views

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Go back to MasTec (MTZ) Tops Q2 EPS by 13c, FY EPS Guidance Tops Views

FBR Capital Raises Price Target on MasTec (MTZ) to $35 Following Strong 2Q

August 8, 2016 8:40 AM EDT

FBR Capital reiterated an Outperform rating on MasTec (NYSE: MTZ), and raised the price target to $35.00 (from $25.00), following the company's 2Q earnings report. Full-year guidance was raised, including revenue of $5B (from $4.8-$5B); EBITDA of $440M (from $415M-$430M); adjusted EPS of $1.57 (from $1.37-$1.47).

Analyst Alex... More