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Fly News Breaks for January 14, 2020
ACM
Jan 14, 2020 | 08:47 EDT
Baird analyst Andrew Wittmann noted reports that Canadian based WSP may have approached Aecom about a buyout deal and he believes the report could be credible. He said WSP is a known acquirer with big goals, the cost synergy potential could be signficant, and the recent share price move higher has been inexplicable on a fundamental basis. Wittmann believes a potential deal could push the share into the high $50's but he maintained his $50 price target on Aecom shares.
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