KeyBanc analyst Sangita Jain upgraded Jacobs (J) to Overweight from Sector Weight with a $155 price target. The stock’s risk/reward is more attractive as Jacobs is finishing its restructuring and focuses on its multi-year targets, the analyst tells investors in a research note. The firm believes the company has successfully restructured its asset base and notes its valuation is now aligned with closest peer Aecom (ACM). KeyBanc believes Jacobs’ recently issued long-term targets provide a “roadmap to valuation creation.”
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