Goldman Sachs Maintains Neutral on MasTec, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta has maintained a Neutral rating on MasTec (NYSE:MTZ) and lowered the price target from $119 to $54.
November 09, 2023 | 4:24 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on MasTec but lowered the price target significantly from $119 to $54.
The significant reduction in price target by Goldman Sachs, a major financial institution, could negatively impact investor sentiment towards MasTec, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100