MasTec Price Target Raised to $335 by KeyCorp

KeyCorp boosts price target on construction company's stock, maintains 'overweight' rating

Published on Mar. 2, 2026

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KeyCorp analysts have raised their price target on shares of MasTec (NYSE:MTZ), a diversified infrastructure construction company, from $264 to $335 and maintained an 'overweight' rating on the stock. The analysts cited the company's strong performance and growth potential in their research note.

Why it matters

MasTec is a major player in the infrastructure construction industry, providing services across a range of end markets including communications networks, oil and gas pipelines, electrical transmission, and renewable energy projects. The increased price target from a prominent analyst firm signals confidence in the company's future prospects and could positively impact investor sentiment.

The details

In their research note, KeyCorp analysts noted that MasTec has demonstrated strong operational and financial performance, leading them to raise the price target from $264 to $335 per share. The new target price represents a potential upside of 9.26% from the company's previous closing price. KeyCorp maintained its 'overweight' rating on the stock, indicating the analysts' belief that MasTec's shares will outperform the broader market.

  • KeyCorp issued the updated price target and rating on March 2, 2026.

The players

MasTec

A diversified infrastructure construction company that provides engineering, fabrication, installation, and maintenance services across a broad range of end markets, including communications networks, oil and gas pipelines, electrical transmission, and renewable energy projects.

KeyCorp

A financial services company that provides a range of banking and financial products and services, including investment banking, commercial banking, and wealth management services.

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The takeaway

The increased price target from KeyCorp reflects the analysts' confidence in MasTec's ability to continue its strong performance and growth in the infrastructure construction industry. This positive outlook could help drive investor interest and potentially lead to further gains in the company's stock price.