Keybanc Initiates Coverage On AECOM with Overweight Rating, Announces Price Target of $104
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Sangita Jain has initiated coverage on AECOM (NYSE:ACM) with an Overweight rating and set a price target of $104. This new coverage could influence investor sentiment and potentially impact AECOM's stock price in the short term.
January 10, 2024 | 12:46 pm
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POSITIVE IMPACT
AECOM receives an Overweight rating from Keybanc with a price target of $104, suggesting a positive outlook for the stock.
Analyst ratings, especially initiations of coverage with positive outlooks, can lead to increased investor confidence and a rise in stock price. The Overweight rating and high price target set by Keybanc for AECOM indicate a bullish stance on the company's future performance, which could result in a short-term positive impact on AECOM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100