What Happened?
Shares of infrastructure construction company MasTec (NYSE: MTZ) fell 7.2% in the afternoon session after reports indicated the U.S. government was considering new trade restrictions. The report stated that the administration was weighing restrictions on software exports to China, which renewed investor worries about trade. This news sparked a sell-off on Wall Street that hit most large-cap stocks and dragged down major indexes. In a session where volatility resurfaced, the tech-heavy Nasdaq 100 slipped 1.2% as the negative sentiment spread across the market. Gold and cryptocurrencies also slid, showing broad risk-off sentiment among investors.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy MasTec? Access our full analysis report here.
What Is The Market Telling Us
MasTec’s shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 2 days ago when the stock gained 1.5% on the news that several investment firms raised their price targets on the stock, pointing to a positive outlook for the infrastructure construction company. KeyBanc increased its price target to $236 from $205, citing what it called a "revamped growth story" supported by improved momentum in the company's Telecom and Pipeline divisions. Similarly, Barclays raised its price target by 20% to $240, while keeping an "Overweight" rating on the shares. These moves were part of a broader trend of positive sentiment, as other firms also expressed confidence in MasTec's prospects. For instance, Wolfe Research had recently upgraded the stock to "Outperform," and Stifel had also lifted its price target.
MasTec is up 38.7% since the beginning of the year, but at $193.91 per share, it is still trading 11.4% below its 52-week high of $218.92 from October 2025. Investors who bought $1,000 worth of MasTec’s shares 5 years ago would now be looking at an investment worth $3,933.
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