Argus Sees 14% Upside In AECOM

December 30, 2021 12:35 PM | 1 min read |

Argus analyst John Staszak raised AECOM's ACM price target to $88 (an upside of 14%) from $80 and maintained a Buy rating on the shares.
The analyst says the company's switch to a "professional services business model" is favorable, and it should benefit from increased infrastructure spending going forward.
Staszak further adds that the growing demand for road and water projects should provide Aecom's Design & Consulting Service unit with a stable source of revenue.
Also read, City Of Richardson In Texas Picks AECOM To Provide Program Management Services.
Price Action: ACM shares traded higher by 0.17% at $77.16 on the last check Thursday.