Jefferies Reports on JEC Investor Meeting

Jefferies has reported on their investor meetings with Jacobs Engineering JEC.

According to Jefferies, “We hosted investor meetings with Jacobs Engineering executives on the West Coast. Management continued to expect a modest recovery for its engineering services during 2011, but has seen some recent indications of a pickup in workflow in many sectors. Regarding the Japanese crisis, they felt that global nuclear investment will be impacted, especially in the US. Private sector funded markets remain ahead of public sector funded markets.”

JEC is rated Buy and has a $62 PT.

JEC closed at $48.58 yesterday.