Barclays lowered the firm’s price target on MasTec to $106 from $120 and keeps an Overweight rating on the shares ahead of the Q3 report. The analyst says lower earnings could bring higher multiples for machinery stocks at these valuations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MTZ: