With a growth potential of 34.20%, MasTec, Inc. (NYSE:MTZ) is among the 7 Best Civil Engineering Stocks to Buy for Smart City Projects.
MasTec, Inc. (NYSE:MTZ) continued to garner support from the analyst community on May 20 when CICC initiated coverage of the company with an Outperform rating and a $480 price target. The start reflects confidence in MasTec’s ability to capitalize on long-term infrastructure investment trends in the energy, communications and utilities markets.
Previously, on May 13, JPMorgan raised its price target for MasTec, Inc. (NYSE:MTZ) to $491 from $471, while maintaining an Overweight rating. The revised target underscores the company’s optimism regarding the company’s growth prospects and operational execution. JPMorgan’s continued bullish stance reflects expectations that MasTec will remain a key player in several of the fastest-growing infrastructure markets, including renewable energy, power supply and communications networks, all of which are expected to attract significant capital investments in the coming years.
MasTec, Inc. (NYSE:MTZ) is a North American infrastructure construction and engineering company headquartered in Coral Gables, Florida, with roots dating back to 1929. The company specializes in the design, construction, installation and maintenance of complex infrastructure systems in the communications, renewable energy, power generation and transmission, pipeline and industrial sectors.
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