MasTec Inc

MTZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$24.00	Dlmg	Tymdlfvmp

MasTec Earnings: Shares Rally as 2024 Guidance, Commentary Restore Investor Confidence

Brett Castelli

Mar 1, 2024

We raise our fair value estimate for no-moat MasTec to $84 per share from $70 after the company’s fourth-quarter earnings. The main driver of our higher valuation is increased revenue assumptions for the company's communications and oil and gas segments. We view shares as fairly valued after rallying in recent months.

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