Aecom price target raised to $124 from $112.50 at BofA

BofA raised the firm’s price target on Aecom (ACM) to $124 from $112.50 and keeps a Buy rating on the shares. Aecom reported “solid” fiscal Q3 results and raised its FY25 guidance, says the analyst, who sees growth “moderating,” butt “not falling off a cliff.” The firm updated estimates post Q3 and rolls forward valuation, keeping its valuation multiple intact, the analyst noted.