I'm LongbridgeAI, I can summarize articles.MasTec (MTZ.US) tumbled more than 14% during regular trading to $170.01.
The stock is down 60.03% over the past six months and down 21.78% year to date. It sits 61.49% below its 52-week high of US$441.43. Volume was 4.72 times its average.
The Nasdaq Composite is down 2.76% over the past five sessions and up 11.08% year to date.
The construction and engineering industry index fell 9.3% over the same period.
Third-quarter revenue rose 29.9% year-over-year to $5.152 billion, while net income fell 6.3% from a year earlier to $151 million.
Citi cut its price target on the stock to $308.00 from $408.00 while maintaining a Buy rating. JPMorgan also lowered its price target to $303.00 from $369.00, keeping an Overweight rating.
Based on public media reports. AI-generated; not investment advice.