Aecom price target raised to $145 from $130 at Barclays

Barclays analyst Adam Seiden raised the firm’s price target on Aecom (ACM) to $145 from $130 and keeps an Overweight rating on the shares as part of a Q3 preview for the machinery and construction group. Inventories are improving across machinery, most notably in agriculture, the analyst tells investors in a research note. The firm sees an opportunity in some of the group’s relative laggards due to lower expectations.