RBC Capital Maintains Outperform on Jacobs Solutions, Lowers Price Target to $151
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Sabahat Khan has maintained an Outperform rating on Jacobs Solutions (NYSE:J) but lowered the price target from $157 to $151.

November 22, 2023 | 3:36 pm
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RBC Capital analyst reaffirms Outperform rating on Jacobs Solutions but reduces price target to $151.
The maintenance of an Outperform rating suggests a positive outlook on the stock, indicating that the analyst believes Jacobs Solutions will perform well relative to the market or its sector. However, the reduction in the price target could imply a tempered expectation of future price performance, although it still suggests an upside from the current trading price. The impact on the stock price is likely to be neutral to slightly negative in the short term as the market digests the mixed signals of confidence and a lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100