Citi raises PT on MasTec citing AI-driven infrastructure demand

** Citi raises PT on infrastructure firm MasTec MTZ to $248 from $219

** Shares of MTZ up 0.5% at $216.43 premarket

** New PT implies an upside of 15.1% from stock's last close

** The rise of artificial intelligence and cloud computing is driving demand for power infrastructure, benefiting MTZ's energy and utility segments, says Citi

** Company is well-positioned to convert its backlog into revenue across nearly all its business segments - brokerage

** "We sense management is focused on both organic revenue growth and margin expansion" - brokerage

** 19 of 20 brokerages rate the stock "buy" or higher, 1 "hold"; median PT is $215 - data compiled by LSEG

** As of last close, MTZ shares up 58.2% YTD