MasTec price target lowered to $175 from $185 at Stifel

Stifel analyst Brian Brophy lowered the firm’s price target on MasTec (MTZ) to $175 from $185 and keeps a Buy rating on the shares. Q4 bottom-line results were better than expected and backlog increased 15% year-over-year, while initial 2025 guidance was “ahead of expectations across the board,” even though Q1 guidance was slightly below expectations due to weather, the analyst tells investors. MasTec “remains a best idea for 2025,” the analyst added.