MasTec Stock Surges on Goldman Sachs Upgrade

MasTecs stock surged three point three percent in morning trading, following a Goldman Sachs analysts reaffirmation of a Buy rating and a raised price target from two hundred twenty-seven to two hundred forty-five dollars. The companys Strong Buy consensus rating and recent eighteen percent stock increase reflect optimism about its expansion into new markets, particularly in its communications division. Despite some volatility, MasTecs stock is up forty-three point three percent year-to-date and has returned three thousand five hundred seventy-six dollars on a thousand dollar investment over five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.