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Fly News Breaks for April 7, 2017
ACM
Apr 7, 2017 | 07:39 EDT
As previously reported, Baird analyst Andrew Wittmann downgraded AECOM to Neutral from Outperform. The company filed an amendment to its credit agreement suggesting likely risk to 2017 earnings, as the filing implies the company would have breached its leverage covenant without an amendment, said Wittmann. The analyst is also cautious given the relative obscurity of the filing. Wittmann lowered his price target to $40 from $45 on AECOM shares.
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