MasTec price target raised to $113 from $104 at KeyBanc

KeyBanc analyst Sangita Jain raised the firm’s price target on MasTec to $113 from $104 to reflect a higher multiple, while keeping an Overweight rating on the shares. The firm says the company cleared a low bar in Q1 with a strong beat and raised guidance modestly, leaving room for further upside later in the year.