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Fly News Breaks for April 18, 2016
ACM
Apr 18, 2016 | 08:29 EDT
Sterne Agee CRT expects AECOM to benefit from what it sees as "significant infrastructure spending plans in the U.S., particularly around urban pockets," The firm also notes that U.S. transportation spending remained strong in February, and it expects that trend to continue. Consequently, the firm recommends buying the stock at current levels.
News For ACM From the Last 2 Days
ACM
Mar 26, 2024 | 08:07 EDT
Argus analyst John Staszak raised the firm's price target on Aecom to $112 from $99 and keeps a Buy rating on the shares. The firm believes that the growing demand for road and water projects should provide the company's Design & Consulting Service segment with a stable source of revenue, noting that the total backlog in the design business increased by 9% over the prior year to $21.8B, which set a new record. Aecom shares also appear favorably valued at 20.8-times the firm's FY24 EPS estimate, below the peer average of 25-times, the analyst tells investors in a research note.