MasTec is the Bull of the Day with strong performance, while Target is the Bear of the Day with underperformance.

From Nasdaq: 2024-12-23 08:33:00

Zacks Equity Research highlights MasTec (MTZ) as the Bull of the Day and Target (TGT) as the Bear of the Day. MasTec, a Zacks Rank #1, has seen a 75% increase in shares in 2024 with positive quarterly results. Target, a Zacks Rank #5, has underperformed, down 4% in 2024 with soft quarterly results affecting earnings outlook.

Uber Technologies (UBER) stock has fallen 13.2% in the past month, lagging behind Lyft. Concerns about self-driving cars impacting rideshare services have affected UBER stock. Despite this, strong earnings estimates, growth prospects, and a discount in stock price make UBER a compelling buy.

Analysts have revised MasTec’s earnings expectations higher, with the company set to post significant EPS growth and slightly higher sales in early March. MasTec’s diversified portfolio and strong cash generation make it a favorable investment option.

Target’s recent poor performance and negative earnings revisions have led to a Zacks Rank #5. Despite a high dividend yield, caution is advised until positive earnings estimates come in. Strong competition and cost pressures have impacted Target’s financial outlook.



Read more at Nasdaq: MasTec and Target have been highlighted as Zacks Bull and Bear of the Day