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Fly News Breaks for March 29, 2018
JEC
Mar 29, 2018 | 07:30 EDT
UBS analyst Steven Fisher met with Jacobs Engineering management and noted recent project awards in its Aerospace and Technology segment appear to offer upside to revenues and earnings while improving visibility on energy projects could drive upside to backlog. The analyst also believes strong cash flow will support deleveraging, and cost synergies could drive earnings upside. Fisher reiterated his Buy rating and $86 price target on Jacobs Engineering shares.
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