URS Shares Move Higher For 7th Straight Trading Day
Stephens analyst Will Gabrielski on Monday said the recent uptick in URS (NYSE: URS) is likely due to speculation of potential M&A activity. He noted that a URS takeout could potentially be in the range of $55 to $90 per share.
Taking this into consideration, Gabrielski has reiterated his Overweight rating and $54 price target.
Following the comments from Gadrielski, URS shares have continued up another ~2.5 percent, making the total gain over the last seven trading days nearly 17 percent.
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