Jacobs price target raised to $169 from $161 at Citi

Citi raised the firm’s price target on Jacobs to $169 from $161 and keeps a Buy rating on the shares. The analyst thinks most engineering and construction companies are well positioned to deliver solid Q1 results. While the firm does not expect significant positive guidance revisions this early in this year, it thinks the group remains “ideally situated” to take advantage of continuing fiscal stimulus and “significant megatrends” such as electrification.