D.A. Davidson Continues Jacobs Engineering Buy, $55 PT

D.A. Davidson continued its Jacobs Engineering JEC Buy rating and $55 price target in a research report published today. In the report, D.A. Davidson stated, "Despite the lower earnings report and prospects, we continue to believe a developing upturn in construction activity, led primarily by industrial/resource development projects is underway." Later in the report, D.A. Davidson noted, "We continue to view the shares of JEC as very attractive based on the long-term growth potential." Shares of Jacobs Engineering closed today at $41.86, down 4.49% from Monday's market close.