MasTec recent weakness overdone, says FBR Capital FBR Capital said the recent weakness in shares of MasTec overdone and the firm raised its price target on the stock to $39 from $35 following meetings with management that highlighted its opportunities and addressed concerns. The firm maintains its Outperform rating on MasTec.
MasTec price target lowered to $25.50 from $34.50 at Stifel Stifel cut its price target on MasTec after the firm cut its estimate for the company to reflect the headwinds from lower oil prices and a more challenging AT&T wireless capex environment. However, the firm thinks the 21% decline in the stock since December 5 was overdone. It keeps a Buy rating on the shares.