Jacobs initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Jacobs (J) with a Buy rating and $158 price target The firm says its estimates for the company’s organic growth and margin expansion rank at the high end of its engineering and construction coverage. Jacobs will see margin expansion through 2028 as it drives global delivery, refine its commercial models, and engages with clients at earlier phases of the project including higher margin consulting, files to sell common stock, no amount given