MasTec Inc

MTZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$48.00	Ysmt	Rvhmmqxt

MasTec: Lowering Our Financial Forecast; Shares Undervalued Following Recent Selloff

Brett Castelli

Oct 16, 2023

We lower our fair value estimate for no-moat MasTec to $86 per share from $103 after updating our financial expectations. The key driver of our lower valuation is lower revenue growth in the company's Communications and Clean Energy and Infrastructure segments. We view MasTec shares as undervalued.

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