MasTec Inc

MTZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$93.00	Xtm	Shcqrmtm

MasTec Earnings: Large Electric Transmission Project Win Headlines Results

Brett Castelli

Aug 5, 2024

We are increasing our fair value estimate for no-moat MasTec to $98 from $93 following second-quarter earnings. The key driver of our high valuation is increased revenue assumptions for the power delivery segment. We view shares as fairly valued.

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