MasTec price target raised to $165 from $151 at B. Riley

B. Riley raised the firm’s price target on MasTec (MTZ) to $165 from $151 and keeps a Buy rating on the shares. MasTec warrants a valuation more in line with its peer group, as it is not only well-positioned as a market leader in AI data center infrastructure, but is also in a position to take additional share as the market leader in electric transmission and distribution and wireless contracting, the analyst tells investors in a research note.