MasTec Inc

MTZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$73.00	Qtp	Xxphtgdq

MasTec Earnings: Solid Results to Start 2024; Increasing Fair Value Estimate to $93

Brett Castelli

May 3, 2024

We are increasing our fair value estimate for no-moat MasTec to $93 from $84 following first-quarter earnings. The main driver of our high valuation is increased long-term margin assumptions. We view shares as fairly valued.

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