Movement Alert｜MasTec Intraday Rise 5.23% in Regular Trading, Truist Cuts Target Price but Keeps Buy Rating

Market Focus11-02 23:13

On November 2, MasTec rose 5.23% in Regular Trading, trading near $195.535 per share, with turnover of $50.4461 million.

The latest disclosed catalyst was an analyst update: Truist Securities lowered its price target on MasTec to $332 from $380 while maintaining a Buy rating.

Recent fundamentals provide context for the move. MasTec previously reported third-quarter adjusted EPS of $2.96 and revenue of $5.152 billion, both above market expectations. However, its full-year adjusted EPS guidance of $8.92 to $9.30 was only roughly in line with consensus at the high end, leaving investors to balance stronger quarterly execution against a more cautious full-year outlook. The current mean analyst target stands near $341.27.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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