NYSE:MTZConstruction
MasTec (MTZ): Examining Valuation After Producer Price Index Drop Spurs Rate Cut Optimism
MasTec (MTZ) is suddenly in the spotlight after a sharp drop in the Producer Price Index for August ignited a rally across the industrial sector. With inflation easing, investors are betting on a Federal Reserve interest rate cut as soon as the next meeting. For MasTec, which already signaled openness to new acquisitions in recent comments from CFO Paul DiMarco, lower borrowing costs could provide more flexibility for strategic investment and expansion.
This latest wave of optimism comes on...