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ACM

Aecom

$39.50

2.36 (6.35%)

07:06
10/15/19
10/15
07:06
10/15/19
07:06

Aecom price target raised to $48 from $40 at KeyBanc

KeyBanc analyst Sean Eastman raised his price target for Aecom to $48 from $40 following the announced $2.405B sale of the MS segment alongside an intact Q4 free cash flow outlook. The analyst reiterates an Overweight rating on the shares.

ACM Aecom
$39.50

2.36 (6.35%)

09/20/19
09/20/19
UPGRADE
Target $44

Buy
Aecom upgraded to Buy from Hold at Argus
As previously reported, Argus analyst John Staszak upgraded Aecom to Buy with a price target of $44. The analyst cites the company's transition to a "professional services business model", reducing its G&A costs by $225M by exiting from noncore markets, reducing its debt, and spinning off its management services division. Staszak further believes that Aecom's Design & Consulting Service business will remain a stable source of revenue even in a slowing economy amid the growing demand for road water projects. The analyst raises his FY19 and FY20 EPS views by 2c to $3.04 and $3.34 respectively.
09/20/19
09/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Etsy (ETSY) upgraded to Outperform from Sector Perform at RBC Capital with analyst Shweta Khajuria saying she views the stock's risk/reward as attractive. 2. Herc Holdings (HRI) was double upgraded to Buy from Sell at Goldman Sachs while United Rentals (URI) was upgraded to Buy from Neutral. 3. Costco (COST) upgraded to Accumulate from Hold at Gordon Haskett with analyst Chuck Grom citing a meeting with CFO Richard Galanti that he called "bullish." 4. Aecom (ACM) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's transition to a "professional services business model," reducing its G&A costs by $225M by exiting from noncore markets, reducing its debt, and spinning off its management services division. 5. LiveRamp (RAMP) upgraded to Strong Buy from Outperform at First Analysis with analyst David Gearhart saying after hosting investor meetings with management, the analyst has greater appreciation for the company's offering and market position. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/19
BOFA
10/14/19
UPGRADE
BOFA
Buy
Aecom upgraded to Buy from Neutral at BofA/Merrill
10/14/19
BOFA
10/14/19
UPGRADE
Target $45
BOFA
Buy
BofA upgrades Aecom to Buy after deal, says value 'too compelling to ignore'
As previously reported, BofA Merrill Lynch analyst Michael Feniger upgraded Aecom to Buy from Neutral after the company's Management Services sale announcement, stating he believes the stock has "more room to run" from here. He previously has been skeptical on Aecom's ability to execute on its transformation, but "today's events clearly change the narrative" and while the sale gets the headlines, he advises investors not to ignore the free cash flow outlook shared by the company. He raised his price target on Aecom shares to $45 from $37.

TODAY'S FREE FLY STORIES

AMAT

Applied Materials

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MAT

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WAB

Wabtec

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CNP

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GPRK

GeoPark

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MITK

Mitek Systems

$7.70

-0.34 (-4.23%)

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ATLKY

Atlas Copco

$0.00

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SALRF

Salmar

$0.00

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CNP

CenterPoint Energy

$26.68

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DDAIF

Daimler AG

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SWAV

ShockWave Medical

$36.47

1.38 (3.93%)

05:11
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ShockWave Medical 2.482M share Secondary priced at $36.25 »

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  • 15

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FX Action: The yen is trading softer »

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BGNE

BeiGene

$195.90

-1.25 (-0.63%)

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  • 07

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NXTC

NextCure

$38.60

0.85 (2.25%)

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  • 15

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AAPL

Apple

$262.66

-1.86 (-0.70%)

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QCOM

Qualcomm

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NUE

Nucor

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INS

Intelligent Systems

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EXPI

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GSHD

Goosehead Insurance

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Conference/Events
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