Argus Upgrades Jacobs Engineering (JEC) to Buy

Argus upgraded Jacobs Engineering (NYSE: JEC) from Hold to Buy with a price target of $58.00.

The analyst said they are beginning to see progress in this mid-cap company’s long-running turnaround and are attracted by its solid balance sheet and current valuations.

For an analyst ratings summary and ratings history on Jacobs Engineering click here. For more ratings news on Jacobs Engineering click here.

Shares of Jacobs Engineering closed at $50.78 yesterday.

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