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Fly News Breaks for September 23, 2016
ACM
Sep 23, 2016 | 07:01 EDT
After hosting meetings with management, Citi analyst Andrew Kaplowitz thinks the recent pullback in shares of AECOM provides a good buying opportunity. Investors are "overly discounting recent noise" surrounding the shares, Kaplowitz tells investors in a research note. He expects growth in AECOM's core Design business to turn positive next year and points out the company continues to generate "significant cash" and is paying down debt. Kaplowitz keeps a Buy rating on the shares with a $43 price target.
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