Citigroup Maintains Buy on MasTec, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has reaffirmed a Buy rating on MasTec (NYSE:MTZ) and increased the price target from $60 to $74, indicating a positive outlook on the company's stock.
January 26, 2024 | 3:01 pm
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Citigroup analyst has maintained a Buy rating on MasTec and raised the price target to $74, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Citigroup typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100