UPDATE: Goldman Sachs Resumes Coverage on Jacobs Engineering Group with Neutral Rating, $60 PT on Upside Potential

In a report published Monday, Goldman Sachs analyst Jerry Revich resumed coverage on Jacobs Engineering Group

with a Neutral rating and $60.00 price target. In the report, Revich noted, “We resume coverage of Jacobs (JEC) at Neutral and see 14% upside potential to our $60, 12-month price target. While we are constructive on what we believe to be JEC's low risk business model that supports consistent cash generation and growth via bolt-on M&A, we see balanced risk-reward around consensus estimates.” Jacobs Engineering Group closed on Friday at $53.35.