KeyBanc boosts AECOM stock target by over 15%, highlighting growth strategy and leadership changes By Investing.com
On Monday, KeyBanc maintained its Overweight rating on AECOM Technology (NYSE:ACM) and raised the price target to $115 from $99. The adjustment follows recent investor meetings with AECOM’s senior management, which included the President, CFO/COO, and Head of Investor Relations.
During the meetings that occurred last week, the discussions centered around the company’s long-term revenue growth expectations of 5-8%, strategies for margin expansion, growth prospects in the Americas versus international markets, and potential impacts of upcoming elections.
The firm also noted AECOM’s recent strategic hire of Jill Hudkins, who will lead a new advisory business focusing on complex water and environmental management challenges. KeyBanc…
