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Fly News Breaks for August 6, 2019
JEC
Aug 6, 2019 | 08:12 EDT
Credit Suisse analyst Jamie Cook raised his price target for Jacobs Engineering to $100 from $85 after the company reported an in-line quarter operationally and raised the low end of the 2019 adjusted EBITDA guidance $45M, or by 2% at the midpoint, with one quarter left in the fiscal year. The analyst continues to believe the company can pave a path to $7-$8 in EPS power based on organic and inorganic opportunities. Cook reiterates an Outperform rating on the shares.
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