Aecom price target raised to $100 from $91 at KeyBanc

KeyBanc analyst Sean Eastman raised the firm’s price target on Aecom to $100 from $91, which reflects 16- and 27-times multiples on his full year 2023 EBITDA and EPS estimates, respectively. The analyst views his multiple assumption as reasonable considering the EPS growth trajectory and his full year 2023 estimates do not reflect any capital deployment. Eastman has an Overweight rating on the shares.