MasTec Inc (MTZ) Reports Strong Q1 Results, Backlog Growth Sparks Optimism
MasTec Inc (NYSE:MTZ) reported strong first-quarter results with a revenue increase of 34% YoY to $3.83 billion and an EPS of $1.39, exceeding expectations. The company's backlog surged to a record $20.3 billion, driven by growth in its clean energy segment. TD Cowen raised its price target for MTZ stock from $320 to $445 while maintaining a Buy rating.
Tickers: $MTZ
Topics: backlog growth MasTec Q1 results stock outlook