MasTec Inc
MTZ: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$11.00 | Fcj | Hyxblvts |
MasTec Earnings: Shares Rally as 2024 Guidance, Commentary Restore Investor Confidence
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.