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Stock Market & Financial Investment News

News Breaks
November 21, 2012
05:28 EDTMTZMasTec affiliate awarded second contract to build PacifiCorp transmission line
PacifiCorp announced it has awarded a multi-year engineer, procure and construct contract to build its Sigurd to Red Butte transmission line in south central Utah, a key section of PacifiCorp's Energy Gateway transmission investment to meet the current and projected needs of its electric customers. The contract has been awarded to EC Source, a MasTec affiliate. EC Source will provide engineering, procurement and construction services for this major transmission project. It is the second Energy Gateway segment EC Source has been awarded; the company is currently completing construction of PacifiCorp's 100-mile Mona to Oquirrh line also in Utah.
News For MTZ From The Last 14 Days
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December 17, 2014
07:06 EDTMTZMasTec authorizes repurchase of up to $100M of stock
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07:05 EDTMTZMasTec backs previously issued Q4 guidance
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07:03 EDTMTZMasTec lowers FY15 adjusted EPS view to $1.87 from $2.00-$2.15
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December 16, 2014
09:00 EDTMTZMasTec 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.
December 15, 2014
08:22 EDTMTZMasTec 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.

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