Citi lowered the firm’s price target on Aecom to $104 from $116 and keeps a Buy rating on the shares. Despite some election-related uncertainty, earnings visibility remains reasonably high for most engineering and construction companies heading into the Q2 reports, the analyst tells investors in a research note. The firm favors companies “levered to megatrends with self-help potential. Quanta Services (PWR) remains Citi’s top pick followed by MasTec (MTZ) and Aecom (ACM).
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