Argus analyst John Staszak lowered the firm’s price target on Aecom (ACM) to $135 from $155 and keeps a Buy rating on the shares. Argus expects growing demand for environmental, road, water, and wastewater projects to provide the company’s Design & Consulting Service with a stable source of revenue, the analyst tells investors in a research note. The firm sees shares moving higher as Aecom continues to execute on its strategic initiatives.
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