- Raymond James analyst Brian Gesuale initiated Jacobs Engineering Group Inc J with an Outperform rating and a price target of $170, implying an upside of 15%.
- Gesuale noted Jacobs's leadership position across a broad set of government and commercial themes, its global solutions, and its culture of integrating social responsibility into its solutions should drive accelerating organic growth, a mix shift to higher margins, and a more sustainable long-term competitive advantage.
- Also read, Jacobs Bags US Department Of State Overseas Buildings Operations Support Contract.
- Price Action: J shares are trading higher by 0.10% at $147.37 on the last check Friday.
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