- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
