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Fly News Breaks for November 15, 2018
JEC
Nov 15, 2018 | 07:25 EDT
Seaport Global analyst Josh Sullivan started Jacobs Engineering with a Buy rating and $91 price target. The company's infrastructure portfolio is already well positioned while President Trump's and the Democrats' $1 trillion infrastructure investment designs presents "a call option" for Jacobs if executed, Sullivan tells investors in a research note. The analyst also believes the company is undergoing a re-rating as its "portfolio shift takes hold."
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