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Fly News Breaks for March 28, 2018
JEC
Mar 28, 2018 | 05:53 EDT
MKM Partners analyst Daniel Scott upgraded Jacobs Engineering to Buy and raised his price target for the shares to $71 from $61. The analyst is positive on the combination with CH2M and expects the company to benefit from increased spending on defense and infrastructure. Jacobs has "strong" end market diversity and trades at a compelling valuation, Scott tells investors in a research note.
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