The Latest Analyst Ratings For MasTec
Portfolio Pulse from Benzinga Insights
MasTec (NYSE:MTZ) has received mixed analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has increased by 6.7% to $127.83. Analysts have raised their price targets, reflecting positive sentiment despite some financial challenges.
October 07, 2024 | 2:01 pm
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POSITIVE IMPACT
MasTec has received predominantly bullish analyst ratings, with an increase in the average 12-month price target to $127.83. Analysts from firms like JP Morgan and DA Davidson have raised their price targets, indicating positive sentiment. However, the company faces financial challenges such as low net margin and high debt-to-equity ratio.
The increase in the average price target and the majority of bullish ratings suggest a positive short-term impact on MasTec's stock price. Analysts' actions, such as raising price targets, reflect confidence in the company's future performance despite its financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100