Raymond James Sees 15% Upside In Jacobs Engineering

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.