MasTec slips as Cowen cuts PT

MasTec

27/12/2022 16:39

** Shares of energy infrastructure company MasTec Inc
 MTZ.N  fall ~1.2% to $83.91 
    ** Cowen lowers PT on stock to $120 from $125, but maintains
'outperform' rating
    ** Brokerage expects no major government infrastructure
stimulus in 2023
    ** Expects lower oil and gas segment results
    ** 12 of 13 brokerages rate stock 'buy' or higher, 1 'hold';
median PT is $108 - Refinitiv
    ** YTD, shares of MasTec down ~9% 
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com))