MasTec initiated with a Buy at Guggenheim on upside and multiple expansion

As previously reported, Guggenheim analyst Joseph Osha initiated coverage of MasTec (MTZ) with a Buy rating and $195 price target Buying the stock requires believing that the multiple can expand, or that financial performance can improve relative to expectations, says the analyst, who believes that “potential upside to consensus and multiple expansion are both possible.” Conversations with management leave the firm “confident” that 2026 revenue can approach $15B at an EBITDA margin of above 9%, the analyst tells investors.