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Fly News Breaks for August 17, 2017
ACM
Aug 17, 2017 | 08:36 EDT
After hosting meetings with management, Citi analyst Andrew Kaplowitz continues to believe Aecom "offers improving growth potential at a discounted valuation." The Q2 results "hinted" at the company's potential with strong free cash flow, Kaplowitz tells investors in a research note titled "ACM Slowly Gaining Momentum." The analyst keeps a Buy rating on the shares with a $40 price target.
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.