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Fly News Breaks for June 18, 2019
ACM
Jun 18, 2019 | 07:02 EDT
Deutsche Bank analyst Chad Dillard raised his price target for Aecom to $38 from $34 after the company's board approved a plan to spinoff its management services business into a standalone government services business. The spin-off should be beneficial and better position the management teams to further focus on their respective businesses, Dillard tells investors in a research note. He maintains a Hold rating on Aecom shares.
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