Jacobs downgraded to Market Perform from Outperform at William Blair

William Blair downgraded Jacobs to Market Perform from Outperform without a price target following the fiscal Q2 report. The firm is incrementally cautious on Jacobs “due to the many moving parts that seem to be pressuring the company’s growth rate, which has trailed nearly all of its peers.” Jacobs referenced a recent program loss for its government services division that will impact results in the second half of the year, the analyst tells investors in a research note. Due to added risk, the firm expects the shares to be range-bound over the next year.