Goldman Sachs re-instated coverage of Jacobs (J) with a Neutral rating and $150 price target which is 9% upside from the stock’s current price. The firm noted that since announcing the spin of Critical Mission Solutions, the stock has returned ~37%. Goldman remains constructive on Jacobs’ “industry leading” competitive position and “outlook for solid growth led by Water and Environmental,” but added that this view appears to be the current consensus, hence the Neutral valuation.
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Read More on J:
- Jacobs selected for solar project in Philippines
- Jacobs downgraded to Hold from Buy at Spin-Off Research
- Jacobs Solutions Inc. Faces Challenges Amid Changing Global Laws and Regulations
- Jacobs selected for water infrastructure program for Metro Vancouver
- Jacobs price target lowered to $152 from $167 at RBC Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
