Aecom price target raised to $126 from $123 at RBC Capital

RBC Capital raised the firm’s price target on Aecom (ACM) to $126 from $123 and keeps an Outperform rating on the shares. The company reported good Q2 results and modestly increased the low ends of FY25 adjusted EBITDA/EPS guidance for a second quarter in a row, the analyst tells investors in a research note. Q2 marked another strong quarter despite some DOGE-related concerns heading into the print, RBC adds.