URS Shares Move Higher For 7th Straight Trading Day; Stephens Analyst comments

Earlier today Stephens analyst, Will Gabrielski, said the recent uptick in URS Corporation's

is likely due to speculation of potential M&A activity. He noted that a URS takeout could potential be in the range of $55 to $90 per share. Taking this into consideration, Gabrielski has reiterated his Overweight rating and $54 price target on URS. Following the comments from Gadrielski, URS shares have continued up another ~2.5 percent today making the total gain over the last seven trading days nearly 17 percent.