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Fly News Breaks for August 18, 2016
ACM
Aug 18, 2016 | 07:03 EDT
KeyBanc says that recent weakness in AECOM was driven by a bearish report. However, after speaking with the company's management ,the firm thinks that worries about the company are overdone. It remains upbeat about the company's "momentum" in its core markets and says that the company's defensive qualities are not adequately appreciated. The firm keeps a $38 price target and Overweight rating on the shares.
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