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MasTec Inc. (Symbol: MTZ) shares reached $117.97 on October 4, 2023, surpassing the average 12-month target price of $117.14 set by analysts. This significant upward movement prompts analysts to reconsider their projections and potentially adjust their target prices based on recent business developments.
Currently, there are seven analyst targets contributing to the average price, with estimates ranging from a low of $110.00 to a high of $130.00, and a standard deviation of $7.38. The latest analyst ratings indicate six “Strong Buy” ratings, two “Hold” ratings, and no “Sell” or “Strong Sell” ratings, resulting in an average rating of 1.5, where 1 is a Strong Buy.
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