Stifel Maintains Buy on MasTec, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott maintains a Buy rating on MasTec (NYSE:MTZ) and raises the price target from $100 to $120.
May 06, 2024 | 5:45 pm
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POSITIVE IMPACT
Stifel analyst Stanley Elliott reaffirmed a Buy rating on MasTec and increased the price target to $120 from $100.
The upgrade in price target by a reputable analyst like Stanley Elliott from Stifel is a strong positive signal for MasTec. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. Such endorsements often lead to increased investor confidence and can drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100