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Fly News Breaks for April 21, 2016
ACM
Apr 21, 2016 | 06:23 EDT
Deutsche Bank analyst Chad Dillard says his channel checks indicate AECOM's project award activity is picking up and his analysis shows that cash flow concerns are overblown. The company is approaching an inflection point in the public infrastructure spending cycle, Dillard tells investors in a research note. His 2017 earnings scenario analysis suggests 50% share price appreciation in a "bull case" and 35% in a "base case." Dillard keeps a Buy rating on AECOM with a $41 price target.
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