Aecom Technology: Strong Financial Performance and Strategic Execution Drive Buy Rating

Bank of America Securities analyst Michael Feniger reiterated a Buy rating on Aecom Technology (ACM – Research Report) today and set a price target of $112.50.

Michael Feniger has given his Buy rating due to a combination of factors including Aecom Technology’s strong financial performance and strategic execution. The company reported a solid increase in EBITDA, surpassing expectations, which highlights its effective management and operational efficiency. Aecom’s ability to raise the low end of its full-year EBITDA and EPS guidance, despite a challenging macroeconomic environment, demonstrates its resilience and confidence in achieving profitability.
Furthermore, the company’s impressive free cash flow growth and improved margins, particularly in the Americas, underscore its financial health and potential for future expansion. The raised price objective reflects the anticipation of continued strong cash flow and margin expansion, supported by Aecom’s strategic focus on higher-margin advisory services and enterprise capability centers. These factors collectively contribute to Feniger’s positive outlook and Buy rating for Aecom Technology.

According to TipRanks, Feniger is a 5-star analyst with an average return of 12.0% and a 65.89% success rate. Feniger covers the Industrials sector, focusing on stocks such as United Rentals, Caterpillar, and Cummins.

In another report released on April 25, Citi also maintained a Buy rating on the stock with a $116.00 price target.