Keybanc Cuts MasTec (MTZ) Price Target to $320

Keybanc has reiterated its Overweight rating for MasTec, adjusting the price target to $320.00, a 67.64% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:22 PM EDT

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Keybanc cut its price target on MasTec, Inc. ($MTZ) to $320 from $371 on October 15, 2026, and rates the stock "Overweight".

Since the rating, $MTZ is down 0.3% to date (from the $191.63 close on Oct 15, 2026).

MTZ MasTec, Inc.

$191.02 -16.09% year to date

Daily close · Oct 16, 2026

Key Points

Keybanc has maintained its Overweight rating for MasTec, Inc. with a new target price of $320.00, down from $371.00.
Keybanc's $320 price target implies 67.64% upside from MasTec, Inc.'s ($MTZ) current $190.88 share price.
The stock traded at $190.88 on Friday, significantly below its previous target, and has a 52-week range of $182.34 to $441.43.
Analysts are generally optimistic about MasTec, with a consensus rating of 'strong buy' and a mean target price of $413.80.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated MasTec, Inc. alert may contain errors. Disclosures

Keybanc has reiterated its Overweight rating for MasTec, Inc. (NYSE: MTZ) on October 15, 2026. The firm adjusted its price target to $320.00 from a previous target of $371.00. This change comes as MasTec's stock trades at $190.88, well below the previous target but within a 52-week range of $182.34 to $441.43.

Analyst rating track record

Keybanc vs. the S&P 500

YTD return -2.39% hypothetical

All-time return -2.39% S&P 500 +1.09%

vs. S&P 500 -3.48% behind the index

Hypothetical returns from Keybanc's disclosed trades, not real profit or advice. How we model this.

Keybanc's Call on MasTec

Keybanc's latest move reflects a cautious optimism about MasTec's future. The firm maintains a favorable view, continuing to back the company's potential for growth despite the lowered target. The adjusted price target suggests expectations of some recovery from current levels, but still indicates substantial upside considering the stock’s current price.

Other Institutional Activity in MasTec

Blackrock Inc. grew its holdings by 328,930 shares, ending with about 7.6 million shares valued at approximately $1.46 billion. Peconic Partners, LLC increased its stake by 99,843 shares, bringing its total to about 3.7 million shares worth around $702.7 million. Vanguard Capital Management LLC added 27,483 shares, totaling about 2.8 million shares valued at $540.9 million. Similarly, Vanguard Portfolio Management LLC raised its position by 42,104 shares, ending with about 2.8 million shares worth approximately $537.2 million. State Street Corporation also increased its stake by 374,908 shares, bringing its total to approximately 2.2 million shares valued at about $428.8 million.

MasTec, Inc. Stock Down 0.4%

MasTec, Inc. is currently trading at $190.88 and has a market cap of about $17.9 billion. The stock is significantly lower than its 200-day moving average of $305.67. It has experienced a 52-week low of $182.34, suggesting recent pressure on its price.

12-month forecast

$MTZ price target

MasTec, Inc. daily closes and this analyst's $320 target. Not advice.

Recent Earnings

MasTec reported revenue of approximately $16.1 billion and an EPS of $6.28 in its latest financial results. The company's revenue growth stands at 23.4%, with a net margin of 3.07%. Investors can expect the next earnings release on October 29, 2026.

Insider Buying and Selling at MasTec, Inc.

Recent insider transactions show several directors selling shares. Csiszar Ernst N sold 6,500 shares at an average price of $371.17 on June 3, 2026, totaling about $2.41 million. Another director, Campbell Charles Robert, sold 3,000 shares at $417.00 on May 4, 2026, valued at around $1.25 million. Additionally, Palomarez Javier Alberto sold 950 shares at $325.43 on March 25, 2026, for about $309,158.

Analysts Set New Price Targets

On October 15, 2026, Keybanc reiterated its Overweight rating for MasTec with a reduced price target of $320.00. Stifel maintained a Buy rating with a target price of $305.00 on October 8, while Truist Securities and TD Cowen also maintained their Buy ratings with targets of $380.00 and $320.00, respectively. The consensus from analysts suggests a strong buy, with a mean price target of $413.80 from 20 opinions.

About MasTec, Inc.

MasTec, Inc. is a provider of infrastructure engineering and construction services. It focuses on engineering, building, maintaining, and upgrading services for various sectors including communications and energy across the U.S. and Canada. The recent analyst activity reflects ongoing interest in the company's potential to capture growth in these industries.

Bottom Line

Investors will want to keep an eye on MasTec as it approaches its earnings date on October 29, 2026. The recent analyst ratings and target adjustments highlight varying perspectives on its future. Remember that 13F filings provide a snapshot of institutional positions as of the reporting date and do not necessarily represent current holdings.