Goldman Sachs re-instated coverage of Jacobs (J) with a Neutral rating and $150 price target which is 9% upside from the stock’s current price. The firm noted that since announcing the spin of Critical Mission Solutions, the stock has returned ~37%. Goldman remains constructive on Jacobs’ “industry leading” competitive position and “outlook for solid growth led by Water and Environmental,” but added that this view appears to be the current consensus, hence the Neutral valuation.
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