Aecom Drives ‘Higher Returns At Lower Risk,’ Says Bullish Analyst
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Aecom (NYSE:ACM) shares are trading up Friday, after gaining around 5% during the week.
The company “high-graded its portfolio” by increasingly focusing on larger and more complex design projects, where it has the greatest competitive advantage, and is moving further towards program management and advisory, according to Goldman Sachs.
Analyst Adam Bubes initiated coverage of Aecom with a Buy rating and price target of $130.
The Aecom Thesis: Engineering News-Record’s market data shows that the company has industry-leading design market share in its largest end markets, Bubes said in the initiation note.
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Full story available on Benzinga.com
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