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MTZ's record $24.5 billion backlog and surging Power Delivery business point to 2027 growth, but project timing and conversion remain key tests.
MasTec (NYSE: MTZ) has halted late-stage talks on a significant acquisition to concentrate on repurchasing its own shares. Management described the shelved deal as potentially accretive, but is redirecting capital toward buybacks under its current allocation priorities. The pause in major deal-making highlights a shift toward using existing resources to support the current equity base. This decision to suspend a large acquisition in favor of share repurchases needs weighing against the rest...
ETFs bought $17.0 million of MasTec (MTZ) stock, with 25 funds buying and 3 selling.
MasTec, Inc. ("MasTec" or the "Company") (NYSE:MTZ) today announced that it is suspending late stage negotiations of a large potentially accretive acquisition opportunity in order to prioritize the
CORAL GABLES, Fla., November 05, 2026--MasTec, Inc. ("MasTec" or the "Company") (NYSE: MTZ) today announced that it is suspending late stage negotiations of a large potentially accretive acquisition opportunity in order to prioritize the repurchase of shares. The Company has an existing $250 million board authorization for share repurchases, the full amount of which is available.
Truist Securities analyst Jamie Cook reiterates MasTec (NYSE:MTZ) with a Buy and lowers the price target from $380 to $332.
TD Cowen analyst Marc Bianchi maintains MasTec (NYSE:MTZ) with a Buy and lowers the price target from $320 to $310.
Roth Capital analyst Philip Shen reiterates MasTec (NYSE:MTZ) with a Buy and lowers the price target from $500 to $380.
MasTec's Q3 earnings highlight surging Power Delivery demand and a record $24.5B backlog, while pipeline delays and margin pressures shape its 2027 outlook.
Cantor Fitzgerald analyst Manish A. Somaiya maintains MasTec (NYSE:MTZ) with a Overweight and lowers the price target from $348 to $270.
Infrastructure construction company MasTec (NYSE:MTZ) beat Wall Street’s revenue expectations in Q3 2026, with sales up 29.9% year on year to $5.15 billion. The company’s full-year revenue guidance of $18.3 billion at the midpoint came in 0.6% above analysts’ estimates. Its non-GAAP profit of $2.96 per share was in line with analysts’ consensus estimates.
MasTec is back in focus after analysts trimmed their price targets, reflected in a lower Fair Value estimate that has moved from US$386.10 to US$360.14. Recent commentary points to this reset as part of a broader reassessment, with many firms balancing reduced targets against an outlook that still depends heavily on project execution and segment level performance. Read on to see how these shifting targets, and the reasoning behind them, can help you track the evolving MasTec story. Analyst...