Jacobs price target raised to $148 from $141 at Truist

Truist raised the firm’s price target on Jacobs (J) to $148 from $141 but keeps a Hold rating on the shares after its Q3 earnings beat. The company’s FY25 adjusted net revenue growth guide was tempered however to about 5.5% from mid to high single digit growth y/y, reflecting slower burn rate in the first half tied to macro/trade uncertainty, the analyst tells investors in a research note.