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UPDATE: Goldman Sachs Resumes Jacobs Engineering Group with Neutral on Upside Potential

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Earnings Scheduled For July 28, 2015
Jacobs Awarded Contract With Construction Value of $1.2B for California High Speed Rail

In a report published Monday, Goldman Sachs analyst Jerry Revich resumed coverage on Jacobs Engineering Group (NYSE: JEC) with a Neutral rating and $60.00 price target.

In the report, Revich noted, “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.

Latest Ratings for JEC

DateFirmActionFromTo
Aug 2015Cowen & CompanyUpgradesMarket PerformOutperform
Jun 2015JP MorganInitiates Coverage onNeutral
Apr 2015Johnson RiceDowngradesAccumulateHold

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Posted-In: Goldman SachsAnalyst Color Initiation Analyst Ratings

 

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