MasTec shares are trading higher after JP Morgan initiated coverage with an Overweight rating and a price target of $153.
Portfolio Pulse from Benzinga Newsdesk
MasTec shares rose following JP Morgan's initiation of coverage with an Overweight rating and a price target of $153.
October 07, 2024 | 2:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JP Morgan's initiation of coverage on MasTec with an Overweight rating and a $153 price target has led to an increase in the company's stock price.
The Overweight rating and a specific price target from a reputable financial institution like JP Morgan are strong positive signals for investors, likely leading to increased buying interest and a rise in MasTec's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100