Jacobs price target raised to $161 from $151 at RBC Capital

RBC Capital analyst Sabahat Khan raised the firm’s price target on Jacobs to $161 from $151 and keeps an Outperform rating on the shares. The company’s Q1 earnings beat reflected solid execution from Jacobs even as the company makes progress towards the CMS/C&I separation, the analyst tells investors in a research note. Investor focus is expected to remain on margin improvement at the RemainCo, the firm added.