Fly News Breaks for August 22, 2019
Aug 22, 2019 | 06:23 EDT
BofA/Merrill analyst Michael Feniger resumed coverage of Aecom with a Neutral rating and a price target of $37. The analyst notes that in a slowing macro environment, the infrastructure market is supporting the company's core business segment - Design & Consulting Services. Feniger further notes that Aecom's operating margin will reach a 3-year high next quarter thanks to the management's cost reduction efforts, while the spin of its Management Services unit should make the company a more "focused infrastructure business" longer term.
News For ACM From the Last 2 Days
There are no results for your query ACM