Truist Securities Initiates Coverage On MasTec with Hold Rating, Announces Price Target of $96
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jamie Cook has initiated coverage on MasTec (NYSE:MTZ) with a Hold rating and set a price target of $96.
March 14, 2024 | 12:13 pm
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Truist Securities initiated coverage on MasTec with a Hold rating and a price target of $96.
The initiation of coverage by Truist Securities with a Hold rating and a specific price target provides investors with a new professional analysis to consider. However, a Hold rating typically suggests that the stock is expected to perform in line with the market or its sector, indicating neither a strong buy nor sell signal. The price target of $96 may suggest some upside potential from current levels, but the Hold rating tempers expectations for significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100